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

Rahul sharma , 7 Years ago
Grade 11
anser 1 Answers
Arun

Last Activity: 7 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%
 
 

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