At what rate percent of si per annum will a sum of money be double itself in 8 years
Answers
Answered by
19
HEY THERE!!
Given:
→ Principal(P) = 100
→Amount (A) = 100+100
= 200
→ Time = 8 Years
➡ To Find:-
At what rate of money double?
➡ Method Of Solution;-
Let the actual money be 100
•°• Simple Interest =100
Also, Amount = 200
→ We know that SI = P × R × T /100
Now, Substitute the Given value in Simple Interest Formula.
SI = P × R × T /100
→ 100 = 100 × R × 8/ 100
→ 100 × 100 = 800 × R
→ 10,000 = 800× R
→ R = 10,000/800
→ R = 12.5 %
Hence, At 12.5 % of SI per annum will a sum of money be double itself in 8 years.
Given:
→ Principal(P) = 100
→Amount (A) = 100+100
= 200
→ Time = 8 Years
➡ To Find:-
At what rate of money double?
➡ Method Of Solution;-
Let the actual money be 100
•°• Simple Interest =100
Also, Amount = 200
→ We know that SI = P × R × T /100
Now, Substitute the Given value in Simple Interest Formula.
SI = P × R × T /100
→ 100 = 100 × R × 8/ 100
→ 100 × 100 = 800 × R
→ 10,000 = 800× R
→ R = 10,000/800
→ R = 12.5 %
Hence, At 12.5 % of SI per annum will a sum of money be double itself in 8 years.
stylishtamilachee:
Awesome
Answered by
3
SI = P × R × T /100
=> 100 = 100 × R × 8/ 100
=> 100 × 100 = 800 × R
=> 10,000 = 800× R
=> R = 10,000/800
=> R = 12.5 %
Hence, At 12.5 % of SI per annum will a sum of money be double itself in 8 years!!
Similar questions