At what rate percent per annum of simple
interest will a sum of money double in
5 years ?
Answers
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Step-by-step explanation:
Let the rate be x and the sum be 100 ruppees.
Time=5years
SI = P×R×T/100 = 100×x×5/100 =5x
Amt. = x+5x
2×100=6x
x=2×100/6
x=100/3%
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