Question
A certain sum of money will be doubled in 2 years at the
rate of simple interest percent per annum is:Solution
SI = (P × R × T)/100 Amount, (A) = P + SI Let P be the principal. SI = 2P – P = P ⇒ P = (P × R × T)/100 ⇒ P = (P × R × 2)/100 ⇒ R = 100/2 = 50%
More Simple and compound interest Questions
The comittee has decided to relese the report by next week, despite some minor inconvieniences.
Select the appropriate answer.
Choose the correctly spelt word.
- Select the INCORRECTLY spelt word:
Select the correctly spelt word.
1) Hidious
2) Mesmarise
3) Depriciation
4) Credential
- Select the correctly spelled sentence.
Select the CORRECTLY spelt word.
1) adequaet
2) hallucination
3) demografy
4) comandment
Choose the word with correct spelling.
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