Question

How much time will it take the amount rs.2000 to double at simple interest 8%?

Answer 1

Answer:

12.5 years

Step-by-step explanation:

Interest = Principle * Number of years * Interest rate / 100

Here, Amount doubles, ie, Interest = Principle

ie, P = P * n * 8/100

n = 100/8 = 12.5 years