Please tell me answer of this question in easy way but Step-by-step
an amount Doubles in 5 years by the simple interest how many years are required for the same amount with same rate of interest to get converted to 5 times the original amount?
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Answer:
12.5 YEARS
Step-by-step explanation
PTR/100=amount
P*5*R/100=2P
R=40P/P
R=40%
P*T*40/100= 5P
T=5*100/40
T=12.5 YEARS
gokulchief:
i did it short hope u understood calculations
do one thing resolve it in paper u get an idea
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