A Sum of money at simple interest of 20% p.a. will take how many years to double itself?
Question
Solution 1
To solve this problem, we can use the formula for simple interest which is I = PRT/100, where:
I = Interest P = Principal amount (initial amount of money) R = Rate of interest T = Time in years
In this case, we want the sum of money to double. This means the interest (I) will be equal to the princ Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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