in how much time will a sum of money double itself at 20% per annum simple interest
Answers
Answered by
11
let P = P
A = 2P
S.I. = A- P
= P
R = 15% per annum.
T = 100 × S.I. / P × 2O
= 100 × P / P × 20
= 5 Years (ans)
Hope it helps you mate !!!! ✌
A = 2P
S.I. = A- P
= P
R = 15% per annum.
T = 100 × S.I. / P × 2O
= 100 × P / P × 20
= 5 Years (ans)
Hope it helps you mate !!!! ✌
Answered by
0
Answer:
let principal be x
rate=20 %
amount =2x
simple interest =2x-x =x
SI = P*R*T/100
x= x*20*T/100
x= T x/5
5x = Tx
T = 5x/x
T= 5
Time = 5 years
Step-by-step explanation:
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