Question

In how many years will Rs.3000 double itself at 8% p.a simple interest

Answer 1

Step-by-step explanation:

p=3000

a=2×p=6000

si=a-p=6000-3000=3000

r=8%

now,

si=prt/100

3000= (3000×8×t)/100

1= 8t/100

100/8= t

12.5=t

hence in 12.5 year 3000 double itself at si

....666.....