A sum of money double in 10 years. The rate of interest per annum is ..
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Answer:
Rate =20% p.a
Step-by-step explanation:
Let principal be P
so, S.I =2P
R= S.I *100/P*T
= 2P*100/P*10(Cancelling both The P)
= 2*100/10
=200/10
= 20 percent
Therefore,rate =20 %
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