Question

in how years will Rs 150 double itself at 4% simple interest

Answer 1

Simple Interest = P * R * T / 100

Amount = 150 * 2 = 300

Principal = 350 - 150 = 150

SI = 150 * 4 * T / 100 = 150

6T = 150

T = 150 / 6

T = 25 years