a sum of money lent out at sinple interest doubles itself in 8 years find rate of interest
Answers
Answered by
2
Ans. 12.5%.
Solution:
We know,
prt/100=SI
Here, SI = Rs(2*p-p)=Rs p.
Hence,
ptr/100=p
=> r = 12.5%. (when t=8yrs.)
Solution:
We know,
prt/100=SI
Here, SI = Rs(2*p-p)=Rs p.
Hence,
ptr/100=p
=> r = 12.5%. (when t=8yrs.)
Answered by
0
R=(S.I.*100)/P*T
R=(P*100)/P*8
R=100/8
R=12.5%
R=(P*100)/P*8
R=100/8
R=12.5%
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