at what to rate of the simple interest will sum of money will double itself in 20 years
Answers
Answered by
3
Let the principle=100
Amount =200
Si=100
Rate=si*100/p*t=100*100/100*25=4percent
Answered by
41
Here is your answer
Let the principal is P
and Rate of interest is r %
T = 20 years
A = 2p
Therefore
SI = A - P
= 2p - p
= p
As we know the formula
SI = PRT/100
Therefore Rate of interest is 5 %
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