Question

In how many a sum of money will double itself at 10% simple interests per ammun?​

Answer 1

Answer:

10 years

Step-by-step explanation:

Let the Principal be P and Time be T.

Amount (A) = 2P

Simple Interest (SI) = A-P = 2P - P = P

Rate (R) = 10%

SI = PRT/100

=> P = P × 10 × T/100

=> T = 10 years