In how many years wills sum of money doubles itself at 18.75 % per annual simple interest
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let the principle be x
therefore, amount will be 2x
s.i.= 2x-x (s.i = amount-principle)
r=18.75%
t=?
si = prt/100
therefore, t=si*100/pr
t= x*100/x *18.75
5 1/3 years (ans.)
therefore, amount will be 2x
s.i.= 2x-x (s.i = amount-principle)
r=18.75%
t=?
si = prt/100
therefore, t=si*100/pr
t= x*100/x *18.75
5 1/3 years (ans.)
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