If a certain sum of money becomes double at simple interest in 12 years
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Let,
Principal, P = Rs. 100;
Amount, A = Rs. 200;
Time = 12 years;
Interest = Rs. 100;
Rate of interest = total interest / given time = 100/12 = 8(1/3)%.
Principal, P = Rs. 100;
Amount, A = Rs. 200;
Time = 12 years;
Interest = Rs. 100;
Rate of interest = total interest / given time = 100/12 = 8(1/3)%.
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