Question

At what rate Rs. 100,000 doubles itself in 5 years with simple interest.

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Answer 1

Answer:

To double itself, the money needs to earn 100% interest. So:

100% / 5 years=20%/year

To quadruple, the money needs to make 300%, so:

400%/ 20%/year=20 years

Answer 2

Step-by-step explanation:

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