Find the rate of interest if a sum of money gets doubled in 16 years.
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Answered by
4
interest=P*R*T
p=(p*r*16/100)
r=25/4%=6.25%
p=(p*r*16/100)
r=25/4%=6.25%
Answered by
4
SI = p
p= 2p
T= 16 years
so,R= 100× I/P×T
= 100×p/2p× T
= 100/32
= 25/4 %
p= 2p
T= 16 years
so,R= 100× I/P×T
= 100×p/2p× T
= 100/32
= 25/4 %
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