if a sum of money doubles itself in 6years then the interestr rate in percentage
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Let the sum of money be X
Then the amount will be 2x
Then the simple interest is 2x-x=X
By formula
P*T*R/100=SI
X*6*R/100=X
R=100x/6X
R=100/6
R=16.66....%
So with the rate of interest 16.666..% The Sum of money will be double in 6 years.
Then the amount will be 2x
Then the simple interest is 2x-x=X
By formula
P*T*R/100=SI
X*6*R/100=X
R=100x/6X
R=100/6
R=16.66....%
So with the rate of interest 16.666..% The Sum of money will be double in 6 years.
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