Math, asked by krishnakhatri, 1 year ago

at what rate of simple interest will a sum of money double in itself in 20 years

Answers

Answered by tanmaybhere100
3

Let the principle = x


Time = 20 years


R =?


and Amount A = 2x


We know that,


A = P ( 1 + TR /100)


2x= x ( 1+ 20 R /100)


2x / x = 1+ 20 R /100


2-1 = R / 5


R =5*1=5%


At 5% simple interest, a sum of money doubles itself in 20 years.



Answered by xtremenerd
1

Answer:

do the math

Step-by-step explanation:


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