At what rate percent per annum simple interest will a sum double itself in 10 years? Show
Answer Verified Hint: - Here we go through by the formula of simple interest that we study in the chapter of simple interest. i.e.$SI = \dfrac{{P \times R \times T}}{{100}}$ . By this formula we will be able to calculate the rate. Complete step-by-step answer: Here in the question the principal amount is not given. Note: - Whenever we face such a type of question, the key concept for solving the question is to first assume the principal amount because the principal amount is not given and then proceed with the question to find the S.I. Then by putting the formula of S.I we will get the terms which we need to find. Answer Verified
Hint:- In 8 years money from Interest will be come equal to the principal Let the initial amount of money invested will be Rs. x. So, now we will use a simple interest formula. So, putting the values in the above formula. We will get, Hence, the rate of interest to double a money in 8 years will be 12.5% per annum. Note:- Whenever we came up with this type of problem where we are asked
to Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses No worries! We‘ve got your back. Try BYJU‘S free classes today! No worries! We‘ve got your back. Try BYJU‘S free classes today! No worries! We‘ve got your back. Try BYJU‘S free classes today! Solution The correct option is A 5%Given, time = 20 years. Let the sum invested be ₹ 100. So, the Amount received after 20 years = ₹ 200. We know that, Principal + Interest = Amount. Hence, Interest = Amount - Principal = ₹ (200-100) = ₹ 100. The Simple Interest earned on a sum of ₹ P for a period of T years at the rate of R% p.a S.I is given by P×R× T100. So, ₹ 100 = 100× R×20100 Hence, R = 5%.Question Papers Home What rate of simple interest rate per annum will a sum of money double itself in 4 years?⇒R=6x100x=16. 6%
At what rate percent per annum will a sum of money double in 12.5 years?5% per annum rate of interest.
At what simple interest rate per annum a sum of money will be doubled of itself in 25 years?The Sum of money doubles itself in 25 years. Concept: Simple interest is the interest calculated on the principal portion of the loan or the original contribution to the saving account. ∴ The rate of interest per annum is 4%.
At what rate percent per annum simple interest will a sum be double of itself in 8 years?Hence, the rate of interest to double a money in 8 years will be 12.5% per annum.
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