Question

a sum of money doubles itself in 6 years.What is the rate of interest.

Answer 1

Answer:

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

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Step-by-step explanation:

Answer 2

the rate of interest is 16.67 percent.


I hope it will help u