at what rate of simple interest will be a sum double itself in 10
years ?
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let rate = r
let initial amount = p
final amount = 2p
use formula,
S.I = p × r × t/100
final amount = intial amount + S.I
2p = p + p × r × 10/100
p = pr/10
r = 10 %
let initial amount = p
final amount = 2p
use formula,
S.I = p × r × t/100
final amount = intial amount + S.I
2p = p + p × r × 10/100
p = pr/10
r = 10 %
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