Question

At what rate of simple interest will a sum of money double itself in 10?​

Answer 1

Answer:

10% per annum

Step-by-step explanation:

In how many years will a sum of money double itself with the rate of 10% per annum simple interest? Here, we have R = 10% and have to calculate t for the sum of the money (that is P) to double. Hence, it will take 10 years for the sum of money to double itself with the rate of 10% per annum simple interest.