SOLUTION: how long would it take for money to double itself at 10% simple interest?
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Question 315129
:
how long would it take for money to double itself at 10% simple interest?
Found 2 solutions by
malaydassharma, shreeaseem007@yahoo.in
:
Answer by
malaydassharma(59)
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Interest I=Prt/100
Here I=P as the money is to be doubled.
Hence,
I =Irt/100
t=100/r
t=100/10= 10 years.
Answer by
shreeaseem007@yahoo.in(3)
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You can
put this solution on YOUR website!
we dont know principal and rate
let P=100 and R=100
T=100*10/100*100
THIS WILL GIVE YOU 10 ANSWER