Question

In how many years will rupees 150 double itself at 4% simple interest

Answer 1

principal is rupees 150

amount is rupees 300 that is double of 150

interest is 300 - 150 equal to 150

rate is 4%

and we need to find out the time.

apply the formula,

I=PTR/100

150=150*T*4/100

T=25 yrs