nishantkarki18 nishantkarki18
  • 23-11-2021
  • Mathematics
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How many years will a sum of money become double at 10 % per annumsimple interest ​

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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.

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