nishantkarki18 nishantkarki18
  • 23-11-2021
  • Mathematics
contestada

How many years will a sum of money become double at 10 % per annumsimple interest ​

Respuesta :

kailemontefalco
kailemontefalco kailemontefalco
  • 23-11-2021

Answer:

10 years

Hence, it will take 10 years for the sum of money to double itself with the rate of 10% per annum simple interest. Note: While solving questions related to principal interest, it is important to keep in mind that simple interest calculated from the formula, Simple Interest (I) = P × R × t 100, doesn’t represent the total amount of money.

Step-by-step explanation:

Answer Link

Otras preguntas

What name was given to the Allied plan to invade France?
Can anyone help? My teacher just briefly went over this in notes and I can't really decipher between physical and chemical changes in the examples
state one reason of magazines has negative impact on individual right in a democratic society
Where can the resource for this ocean type be found?
what is similarities and differences freedmen and serfs?
why are cancer causing factors in lifestyle and environment difficult to identify
HELP ASAP!!!Why does Ralph become the leader of the group at the beginning of the novel? A. because Ralph is manipulative and p
1+4=5 2+5=12 3+6=21 8+11=
1) If X = 2, calculate the value of: 2x squared - x 2) if X = -2, calculate the value of: 2x squared -x
Which department did the US government create immediately after the 9/11 terrorist attacks