in how many years will 150 rupees double itself at 4% simple interest
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Answer:
Principal = £150.
SI = £300 (150×2)
Rate = 4%
Let the time be t.
Atq, SI = P ×R × T /100
or £300 = 150 × 4 × t /100
or t = 300× 100/150×4
So, t = 50 yrs
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