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

Rahul sharma , 6 Years ago
Grade 11
anser 1 Answers
Arun

Last Activity: 6 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%
 
Regards
Arun

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