Question

In how much time will a sum of money double itself at 12% per annum simple interest
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Answer 1

Answer:

Here is your answer dear

We know that t=100*i/p*r

Let the p be 100

Than if we double it it will become 200

Than the i will be 100

Than

100*100/12*100

=100/12

=8.33years thanks

Yoyo

Answer 2

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

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