Guest

If any amount double after 10 years at simple interest then what will be the annual interest rate

If any amount double after 10 years at simple interest then what will be the annual interest rate

Grade:11

1 Answers

Arun
25758 Points
4 years ago
Let the principal be P and the rate of interest be R% p.a. Then, in time = 10 years, Simple Interest = Principal = P.
 
P = P * R * 10/100
R = 10%
 
 

Think You Can Provide A Better Answer ?

Provide a better Answer & Earn Cool Goodies See our forum point policy

ASK QUESTION

Get your questions answered by the expert for free