Question

At what rate of simple interest a sum of money will be doubled itself after 6 years?

Answer 1

$\textbf{\huge {\underline{Hey there!}}}$


$<b>Let, Principle (P)= x$


∴ Amount ( A ) = 2x


∴ Simple Interest ( SI ) = Amount ( A ) - Principle ( P )
= 2x - x
= x


∴ Rate of interest ( R% ) = SI × 100 / P × T
= x × 100 / x × 6
= 100 / 6
= 50 / 3 %
= 16.66% ( Approx )


$\huge\bf\blue {Thanks}$


$\huge\bf\orange {BeBrainly}$

Answer 2

Answer:

16.66%

Step-by-step explanation: