at what percent per annum simple interest will a sum Doubles itself in 10 years
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Let principal be x
€ amount = 2x
€ intrest = 2x-x=x
time =10 years
Rate = I×100/P ×T
€ R = x × 100/x ×10 =10 %
hence rate of interest is equal to 10%
€ amount = 2x
€ intrest = 2x-x=x
time =10 years
Rate = I×100/P ×T
€ R = x × 100/x ×10 =10 %
hence rate of interest is equal to 10%
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