In how many years will take rs 150 double itself at 4% simple interest?
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Amount = 150 * 2 = Rs 300
Rate = 4%
Principal = Rs 150
Simple Interest = Amount - Principal
= Rs 300 - 150
= Rs 150
Simple Interest = P * R * T / 100
150 = 150 * 4 * T / 100
150 = 6T
Time = 25 years
charul31:
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