Question

In how many years rs 300 double itself at 4% rate of interest per annum

Answer 1

Hey, mate!

Answer:

A/Q

Principal = RS. 300

Amount = 2P = RS. 600

Rate = 4%

S.I = A - P

= 600 - 300

= Rs. 300

Time = S.I × 100/P × R

= 300 × 100/300 × 4

= 100/4

= 25 years; ans.

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