Question

A certain sum of money will be doubled in 15 years at the rate of simple interest percent per annum of

Answer 1

Answer:

let 100 prt/100 then u can find 40/3

Answer 2

Answer:

6.33%

Explanation:

SI = (P X R X T) / 100

R = (SI X 100) / T X P

R = (100 X 100) / 15 X 100

R = 6.33%