in what time will a sum of money double itself at 6 1/4% p.a. simple interest?
Answers
Answered by
3
Step-by-step explanation:
Let R=100625. According to the question,
Amount=2(Principle)
A=2P
S.I.=A−P
=2P−P
=P
S.I.=100P×R×T
P=100×100P×625×T
T=P×625P×100×100
T=16years
:D
Answered by
0
Step-by-step explanation:
Let R=100625. According to the question,
Amount=2(Principle)
A=2P
S.I.=A−P
=2P−P
=P
S.I.=100P×R×T
P=100×100P×625×T
T=P×625P×100×100
T=16years
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