Question

time(in years) in which a sum of money becomes double of itself at 6 1/4 per cent per anum at simple interest find time​

Answer 1

Answer:

32 years

Step-by-step explanation:

P becomes 2P at 6.25%p.a

S.I = pnr/100

2p = p × n × 6.25 / 100

2 = 6.25n/100

200/6.25 = n

n = 32 years