At what rate percent per annum simple interest will a sum double itself in 12 year?

At what rate percent per annum simple interest will a sum double itself in 12 year?

Let the principal be x. Then, the amount after 12 years be 2x. Let the rate of interest be R. ∴ The rate of interest is 25/3\%.

At what rate percent per annum will a sum of money double itself in 8 year?

12.5\% per annum
According to Simple Interest (S.I) formula. . Where P is principal amount, R is rate of interest and T will be time period. Hence, the rate of interest to double a money in 8 years will be 12.5\% per annum.

At what rate percent per annum simple interest will a sum double itself in 5 years?

According to the question, SI must be equal to 2 × P in order to make the final sum two times the original principal amount after 5 year. ∴ Required rate of interest is of 20\%.

At what rate percent per annum simple interest will a sum of money doubles itself in 16 years?

The money doubles itself, it means 100\% money is added. So the simple interest is 6.25\% per year. Hope it helps.

At what rate percent per annum simple interest will a sum?

As we know the simple interest means principle amount subtracted from final amount i.e. Hence the required rate in which the sum becomes double itself in 10 years is 10\%.

At what rate percent per annum simple interest will a sum double itself in 2 years?

50\%. Originally Answered: at what rate of simple interest will the sum double itself in 2 years? A = total return or principal plus interest earned during time period.

At what rate percent per annum will a sum of 6250?

Answer:12\% p.a.

At what rate percent per annum simple interest will a sum of money?

At what rate percent simple interest will a sum of money will amount to 5 by 3 of itself in 6 year 8 months?

At what rate percent simple interest will a sum of money will amount to 5 3. of itself in. 6 years 8 months? ans=10\%

What percentage of per annum is 1625?

Answer: The rate percent is 8\%.

At what rate percent per annum compound interest will?

13310 ,P=rs. 10000,t= 3 years. 100÷10=x. hence ,the required rate =10\%p.

At what rate percent per annum will a sum of 2000 amounts to 2205 in 2 years compounded annually?

And the time period is 2 years. So, R be the rate of interest on which the principal amount is compounded annually. and then find the value of R by manipulating that equation. Hence, the rate of interest will be equal to 5\%.

How much would it take to Double Your Money in 10 years?

The money will grow 100 \% in 10 years if the simple interest is 10\%. Rate X term = 72……to get an amount to double. if term is 10 years, then a rate of 7.2\% = 72. If term is 5 years, you would need a return on investment of 14.4\% to double your money.

What is the percentage required for an amount to double itself?

Use the rule of 72. For an amount to double itself in x years, the percentage would be 72/x For an amount to double itself in 10 years, the percentage would be 72/10= 7.2\% It can work the other way as well. For an amount growing at x \% the no. of years required for it to double itself is 72/x

What is the rate of interest to double money in 8 years?

The answer is (B) 12.5\% Therefore, the rate of interest to double money in 8 years will be 12.5\% per annum. Explore more such questions and answers at BYJU’S.

How can I double my principal amount in 8 years?

There are simple methods to count to number of years it will take to double your money using simple interest and compound interest. For simple interest, the formula is : r=100/n , where r is the rate of interest and n is the number of years. I want to double my principal amount in 8 years so at what simple interest rate should I invest my money?