Find the time after which the simple interest on a sum of money will be double of the sum, at the rate
of 10% per annum.
Answers
Answered by
9
Answer:
let principal = x
simple interest = 2x
rate = 10%
time = ?
simple interest = ptr/100
2x = x * t * 10/100
t = 2x * 100
x * 10
time = 20 years
Similar questions