At what rate of simple interest will a sum of money double itself in 20 yrs
Answers
Answered by
5
as we know that
time for double money = 100/rate of interest
20=100/rate of interest
rate of interest= 100/20
rate of interest=5 %p.a.
time for double money = 100/rate of interest
20=100/rate of interest
rate of interest= 100/20
rate of interest=5 %p.a.
Similar questions
India Languages,
7 months ago
English,
7 months ago
Computer Science,
1 year ago
Science,
1 year ago