ICSE Class 7 Answered
A sum amounts to rs 1326in 6 years at 5% per annum simple interest. What time will this sum double itself as the same rate of interest
Asked by Palreena738 | 10 Sep, 2018, 07:58: PM
Expert Answer
Amount =Rs. 1326
Time = 6 years
Rate of Interest = 5%
According to the condition,
If the amount is doubled means
Amount = 1326 × 2 =Rs. 2652
Simple Interest = 2652 - 1326 = 1326
Answered by Yasmeen Khan | 12 Sep, 2018, 04:35: PM
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