At what rate will rupees 100 double itself in 7 years at simple interest
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Hlw mate
Principle = 100ruppees
ACT
amount = 200RUPEES
INTEREST = AMOUNT -PRINCIPLE
200 -100
INTEREST = RUPEES 100
RATE = INTEREST ×100/ P ×T
= 100 ×100 / 100 ×7 = 100 / 7
RATE = 4 WHOLE 2 UPON 7%
Hope it helpful
Principle = 100ruppees
ACT
amount = 200RUPEES
INTEREST = AMOUNT -PRINCIPLE
200 -100
INTEREST = RUPEES 100
RATE = INTEREST ×100/ P ×T
= 100 ×100 / 100 ×7 = 100 / 7
RATE = 4 WHOLE 2 UPON 7%
Hope it helpful
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