Accountancy, asked by dikshalakshmi3013, 1 year ago

At what rate of simple interest will sum of money double inter solve in 20 years

Answers

Answered by OHsadhu

2

Simple interes: formula

I=PRN÷100

PRINCIPAL AMOUNT=100

ATCUAL AMOUNT=200

Interest=200-100

=100

Rate=?

Year=20

100=100×R×20÷100

10000=2000×R%

10000÷2000=R

R=5%

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