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Let the Principal be 100. P = 100, then A = 200 and SI will be 200 - 100 = 100 SI = 100 for 10 years Rate = 100/10 = 10%. ∴ The rate of interest is 10%. Traditional method: Given: Time period = 10 years Formula used: SI = (P × R × T)/100 A = P + SI Where, P = principal, R = rate, T = time, SI = simple interest Calculations: The sum of money is 2P SI = 2P - P ⇒ P = (P × R × 10)/100 ⇒ 1 = R/10 ⇒ R = 10% ∴ The rate of interest is 10%. Latest Indian Coast Guard Navik DB Updates Last updated on Sep 23, 2022 Indian Coast Guard has released the admit cards, exam date, and exam city for the Indian Coast Guard Navik DB. A total of 40 vacancies are released for the recruitment process. Candidates can apply for the applications from 8th September to 24th September 2022. Candidates who are 10th Pass can easily apply for the post. The Indian Coast Guard Navik DB Salary is of INR 21700, this is a great opportunity for all the government jobs aspirants. Stay updated with the Quantitative Aptitude questions & answers with Testbook. Know more about Interest and ace the concept of Simple Interest.
Amount = 2P Also, Simple Interest = Amount - Principal Now, Simple Interest = Principal × Rate × Time Amount - Principal = Principal × Rate × Time 2P - P = P × Rate × 16 P = P × Rate × 16 Rate = 1/16 = 0.0625 So, Rate = 0.0625 × 100 = 6.25% Disclaimer The questions posted on the site are solely user generated, Doubtnut has no ownership or control over the nature and content of those questions. Doubtnut is not responsible for any discrepancies concerning the duplicity of content over those questions.
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0 2.0 K कोई धन साधारण ब्याज की दर से 20 वर्ष में दोगुना हो जाता है तो ब्याज की दर है - 648078773 0 1.1 K साधारण ब्याज की एक निश्चित दर से कोई धन 20 वर्ष में दोगुना हो जाता है। इस धन को तिगुना होने में कितना समय लगेगा ? 648060354 0 5.5 K 3:30 यदि कोई धन साधारण ब्याज से 12 वर्ष में अपने से दुगुना हो जाता है, तो वार्षिक ब्याज की दर क्या है ?<br> A)`12%`<br> B)`10%`<br> C)`8(1)/(3)%`<br> D)`6(1)/(4)%`<br> 648549246 0 1.2 K यदि कोई धन साधारण व्याज से 12 वर्ष में अपने से दोगुना हो जाता है तो वार्षिक ब्याज की दर क्या है ? Show More Comments Add a public comment... Follow Us: Popular Chapters by Class: Class 6 AlgebraBasic Geometrical IdeasData HandlingDecimalsFractions Class 7 Algebraic ExpressionsComparing QuantitiesCongruence of TrianglesData HandlingExponents and Powers Class 8 Algebraic Expressions and IdentitiesComparing QuantitiesCubes and Cube RootsData HandlingDirect and Inverse Proportions Class 9 Areas of Parallelograms and TrianglesCirclesCoordinate GeometryHerons FormulaIntroduction to Euclids Geometry Class 10 Areas Related to CirclesArithmetic ProgressionsCirclesCoordinate GeometryIntroduction to Trigonometry Class 11 Binomial TheoremComplex Numbers and Quadratic EquationsConic SectionsIntroduction to Three Dimensional GeometryLimits and Derivatives Class 12 Application of DerivativesApplication of IntegralsContinuity and DifferentiabilityDeterminantsDifferential Equations Privacy PolicyTerms And Conditions Disclosure PolicyContact Us At what rate of interest will a sum of money double itself in 16 year?Then S.I. = P and T = 16 yrs. Rate = 100 x P/P*16% = 6 ¼ % p.a.
What will be the annual rate of simple interest for a sum to double?Therefore, r=12100=831percent.
What is the rate of interest if sum of money Triple itself in 16 years?Hence, we get the rate of interest as 12.5 %.
At what rate percent will a sum of money double itself in 4 years?⇒R=6x100x=16. 6%
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