Question

Simple interest double in 5 years at which rate

Answer 1

Answer:

40 % ( these is not correct answer as the question is incorrect).

Step-by-step explanation:

Let , P = x

so, I = 2x

and t = 5 yrs

As we know that,

I = PRT/ 100

Therefore, R = 100*I / P * T

= 100 * 2x / x * 5

= 100* 2/ 5 ( as x and x cut out)

= 40 %