1In how many years will 5000 double itself at 20% per annum simple int – InterviewSolution

1.

1In how many years will 5000 double itself at 20% per annum simple interest?

Answer»

SIMPLE INTEREST we want=5000

5000=5000×t×20/100

5000=100000t/100

5000=1000t

time TAKEN =5000/1000

=5 Years

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