At what rate simple interest will a sum of money double itself in 10 years?
Answers
Answered by
4
Answer!
Let the rate be r and the amount be, 100.
SI = PRT/100
100 x r x 10/100 = 200
10r = 200
r = 20%
Similar questions
Math,
5 months ago
Social Sciences,
5 months ago
Science,
5 months ago
Science,
11 months ago
Computer Science,
1 year ago
English,
1 year ago