Question

what is the annual rate of simple interest if an amount deposited doubles in 10 years​

Answer 1

Answer:

10%

Step-by-step explanation:

let

p = rs.100

A = 100 × 2 = 200

I = 200 - 100 = 100

R% be x

$r\% = \frac{100 \times 100}{100 \times 10} = 10\%( '.' r\% = \frac{100 \times s.i}{p \times t}$)