A sum of money doubles itself after 6 years.What is the rate of interest
Answers
Answered by
3
Let the sum of money that's principal be x.
Time = 6years
Amount after 6 years becomes double = 2x
Therefor, Simple Interest = Amount - Principal = 2x-x = x
Rate per annum = SI×100/ P×T = x×100/x×6 = 100/6 = 50/3 = 16.66 % approx
Time = 6years
Amount after 6 years becomes double = 2x
Therefor, Simple Interest = Amount - Principal = 2x-x = x
Rate per annum = SI×100/ P×T = x×100/x×6 = 100/6 = 50/3 = 16.66 % approx
arushsingh1:
hi massage me
tum massage kro phle
Similar questions