In what time will the interest on rupees 5000 become rupees 10000 at the rate of 10% per annum.
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Answer:
it will be when change to RSVP 100
Step-by-step explanation:
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As per the data given in the question,
We have to determine the time period.
As per question,
It is given that,
Principal = Rs. 5000
Rate percentage = 10%
Amount = Rs. 10000
As we know that,
Amount is the total sum which is returned after adding the interest amount to the principal amount.
So, we can say that,
So, putting the above given data in the formula for finding Amount.
We will get,
Hence, value of time period will be 10 years.
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