Question

On what sum of money will the simple interest at R% per annum for n years will be ₹n? explain with steps

Answer 1

Answer:

HappiestWriter012

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Let the principle = x

Time = 20 years

R =?

and Amount A = 2x

We know that,

A = P ( 1 + TR /100)

2x= x ( 1+ 20 R /100)

2x / x = 1+ 20 R /100

2-1 = R / 5

R =5*1=5%

At 5% simple interest, a sum of money doubles itself in 20 years.

Step-by-step explanation:

Answer 2

Answer:

the

Step-by-step explanation:

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