Question

in how much time will a sum of money double itself at 20% per annum simple intrest

Answer 1

Answer:

The answer is 5 years

Step-by-step explanation:

Dear

Suppose the principal is 100₹

If Rate is 20%. @ S.I

So

S.I = (P × R × T)/100

S.I = (100 × 20 ×1 )/100

S.I = 20₹ per year

So 5 year S.I = 20×5 = 100

The sum of amount get double in 5 year at 20% rate @ S.I

Hope it's help you.

Thank-you.