in how much time will a sum of money double itself at 12% per annum simple interest
Answers
Answered by
1
Answer:
Step-by-step explanation:12%............
let the value be 100..
s.i=prt\100
=100*12*1\100
=12
ammount=p+s.i
100+12=112....
increase=12\100*100=12%...
Answered by
1
Answer:
We know that SI = PRT/100
We know that SI = A - P.
A - P = PRT/100
2400 - 1200 = 1200 * 8 * T/100
1200 = 96T
T = 1200/96
= 12.5 years.
Step-by-step explanation:
hope it helps
pls mark mine as the brainliest
Similar questions