A sum of money double itself in 6 yr at simple interest.Annual rate will be. (10%,25/4%,8%,90%)
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Answered by
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Step-by-step explanation:
Let R=
100
625
. According to the question,
Amount=2(Principle)
A=2P
S.I.=A−P
=2P−P
=P
S.I.=
100
P×R×T
P=
100×100
P×625×T
T=
P×625
P×100×100
T=16years
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