A sum amounts to rs.2652 in 6 years at 5% p.a. simple interest. Find: a)the sum (b) the time in which the same sum will double itself at the same rate of interest.
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let p=100%
At the rate 5% 6years 30% of interest earned.
Total amount = 130%=2652
100% = 2040= p.
amount double means interest earned 100%
100%/5%=20 years .
so in 20 years sum doubles it self.
At the rate 5% 6years 30% of interest earned.
Total amount = 130%=2652
100% = 2040= p.
amount double means interest earned 100%
100%/5%=20 years .
so in 20 years sum doubles it self.
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2040 = answer
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