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Answer:
given data --
time - 10yrs
rate %- ?
let,
principal be x
Amount after 10 years gets doubled
So amount = 2x
simple interest = amount - principal
simple interest = 2x - x = x
Rate per annum = SI × 100 / P × T
= x × 100 / x × 10
100x/ 10x = 10
So rate per annum = 10%.
Explanation:
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