Question

Hello everyone! I need answer for this question with statements as soon as possible. It' important for me. The question is

At what rate of interest will a sum of money double itself in 5 years?

Answer 1

Answer:

At the rate of 13.94% , a sum of money double itself in 5 years...

Answer 2

• Suppose that principal is = ₹100
• So, according to question money double in 5 yrs that is A =2×100 =200
• SI=A-P
• 200-100 =100
• HENCE SI = RS 100
• and we know SI=(P×R×T)/100
• ...solve in image