Question

in how many years will a sum of money doubles itself at 10% per annum simple interest​

Answer 1

Answer:

Give total of cash a chance to be 100 sum = 2 × 100 = 200 straightforward premium = 200 - 100 = 100 time = si × 100/important × rate 100 × 100/100 × 10.

In 10 years, a total of cash duplicates itself at 10% for every annum basic premium.

Answer 2

Step-by-step explanation:

Step-by-step explanation:

$\huge\fcolorbox{black}{orange}{Given}$

• 10 % rate

$\huge\fcolorbox{black}{orange}{Formulas used}$

• 100 +( 100 × N x 10/100)

$\huge\fcolorbox{black}{orange}{Solution}$

➣ Let the sum be 100.

➣ 100 + ( 100 × N x 10/100) = 200

➣ where N is the period in years.

➣ 100 + 10 N = 200.

➣ 10 N = 100

➣ N = 10 .

➣ Sum doubles in 10 years