If any amount double after 10 years at simple interest then what will be annual interest rate
Rahul sharma , 8 Years ago
Grade 11
8 grade maths> If any amount double after 10 years at si...
1 Answers
Arun
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%
Regards
Arun
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