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Question

A sum of money doubles itself in 10 years at simple interest. What is the rate of interest?

Q: A sum of money doubles itself in 10 years at simple interest. What is the rate of interest?

Let the sum = Rs. x &there4; S.I = Rs. x &there4; R = (x× 100)/(x× 10) = 10% p.a.

A 5%

B 10%

C 15%

D 20%

E None of these

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Question

A sum of money doubles itself in 10 years at simple interest. What is the rate of interest?

Solution

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