in how many years will a sum double itself at the rate of 10% simple interest per annum?
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Answered by
7
Answer:
Step-by-step explanation:
Let the initial sum be p.
Time = t years
r =10%.
Given,
Amount= 2p after t years.
SI= Amount - Principal = 2p-p = p
SI= prt/100
p=p*10*t/100
t=10 years.
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