Question

In how many years will rs. 600 double itself at 10% simple interest.

Answer 1

Step-by-step explanation:

given

principal amount (P)=600

rate of interest ( R) = 10%

Finding

Time (T) in year

calculation

sum of money will double

then interest = 2× principal - principal

= P

we know

simple interest = PTR/100

or, P= PTR/100

or, 1= T× 10/100 ( divide by P in both side )

or, 1= T /10

or T= 10 year

then required 10;year to double sumbof money