Question

⚡Hola Frnds⚡


At what rate percent of simple interest will a sum of money will amount to 5/3 of itself in 6 years 8 months.

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Answer 1

In case of Simple interest, total amount A is,

A=P(1+100rt)

where

P=Principal

r=interest rate

t=time (in years)=12 (given)

After 12 years, Sum of money doubles itself,

that is A=2P

Now apply the formula,

A=P(1+100rt)

2P=P(1+10012r)

2=1+10012r

1=10012r

Therefore,

r=12100=831percent

Answer 2

Answer:

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Hi sis

do u know where is prajat bro

he has not taken with me for 4 months