What time will a sum of money double itself at3% per annum simple interest
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Answer:
let principal (p) be 100
rate(r)=3%
time(t)=t
amount = 200
S.I = amount - p
= 200 - 100
= 100
S.I = p*r*t / 100
100 = 100*3*t / 100
100 = 3t
100 = 3t
t = 100/3
t = 33 ya 34 aprox
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