any principal double in 10 year than what is interest?
mohitkumarshaw:
guys please answer
Answers
Answered by
1
Explaination:
Let the principal be Rs.100
So Amount is 200
Time is 10 years
Interest is 100
As we know,
I = Prt/100
100=100*r*10/100
r= 100*100/100*10
r= 10
Answer:
r=10% per annum.
Hope it helps you..
Because,
Interest=Amount-Principal
=200-100
=100.
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