Question

A sum of money will double itself in 16 years at simple interest with a yearly rate of​

Answer 1

Answer:

Here, interest is to become equal to the principal in 16 years.

Suppose principal =x

Then amount =2x

∴ Interest =x

R=

P×T

SI×100

=

100×16

100×100

=

4

25

=6

4

1

%

Answer 2

Answer:

$6 \times \frac{1}{4} \%$

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