A sum of money becomes double in 10 years at a certain rate of interest. Find the rate of interest.
[Hint: Let P=rupees x, then A = 2x, 1 = x]
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Answer:
10%
Step-by-step explanation:
For a sum to become double, it has to increase by 100%
Then if it becomes double in 10 years, the interest will be 10% because 10×10=100
So 10% interest
(P. S sorry I didn't use your hint, it was confusing. I'd rather do it this way)
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