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At what percent by simple interest will a sum of money double itself in 5 years 4 months?Hint: Use the formula of total amount and then find the rate of interest R.The correct answer is: 18.75%Complete step by step solution:Formula for total amount = A = P + SI…(i)where A is the total amount, P is the principal amount and SI is simple interest .Here, A = 2P and SI = where P is Principal amount, T is number of years and R is the rate of interest.We have, T = 5 years and 4 months = years (given) and R = ?On substituting the known values in (i), we have .Subtract P from both sides.Then we have, So, we have R = 18.75%At 18.75% per annum the sum amount will double itself in 5 years and 4 months.Transcript at what rate percent will a sum of money Doubles itself in 6 years in this question we have been given that consider principal to BP principle is equals to pee so amount is equals to twice of PV know that formula for SI is equals to amount - principle that is topi -3 which is equals to also simple interest is equal to p into our into it upon 130 is equal to p into our in 26 upon hundred Soapy get cancer from this p&r comes out to be 106 that is is equal to 50 by 3 or we can say that 62 by 3% 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. (adsbygoogle = window.adsbygoogle || []).push({}); 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 At what rate of simple interest will a sum of money double itself in 4 years?Therefore, r=12100=831percent.
At what rate percent per annum simple interest will sum double itself in 12 years?Let the principal be x. Then, the amount after 12 years be 2x. Let the rate of interest be R. ∴ The rate of interest is 25/3%.
At what simple interest rate per annum a sum of money will be doubled on itself in 25 years?Detailed Solution
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 interest rate compounded quarterly will a sum of money double in 4 years?The rule also means if you want your money to double in 4 years, you need to find an investment that earns 18% per year compounded annually. You can confirm the rationality of the Rule of 72 as follows: Find factors on the FV of 1 Table that are close to 2.000.
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At what rate of simple interest rate per annum will a sum of money doubles itself in 4 years?
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