At simple interest, a sum doubles after 25 years. what is the rate of interest?
Answers
Answered by
0
Based on your data, it comes with interest rate as 3.53% please find the details.
Tried For: Rate of Return
Input:
Deposit Amount = 10000
Future Amount = 20000
Interest Frequency = Yearly
Tenure (In Months) = 240
Results:
Interest Earned = 3.53 %
AND
Tried For: Returns Time
Input:
Amount = 10000
Interest (per year) = 3.54
Results:
Amount doubles in 19.92 Years
Amount triple in 31.58 Years
Amount quadruple in 39.85 Years
For more calculators download this application from ( Application URL:
Tried For: Rate of Return
Input:
Deposit Amount = 10000
Future Amount = 20000
Interest Frequency = Yearly
Tenure (In Months) = 240
Results:
Interest Earned = 3.53 %
AND
Tried For: Returns Time
Input:
Amount = 10000
Interest (per year) = 3.54
Results:
Amount doubles in 19.92 Years
Amount triple in 31.58 Years
Amount quadruple in 39.85 Years
For more calculators download this application from ( Application URL:
Similar questions