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If principal amounts double in `10` years, then the rate of yearly simple interest isA. `5%`B. `10%`C. `15%`D. `20%` |
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Answer» Let the principal be `Rs x` and the yearly rate of simple interest be `r%` If the principal amounts `Rs 2x` in `10` years, then the interest `=Rs(2x-x)=Rs x` `:.` Total interest in `10` years `=(P rt)/(100)=Rs(x xx rxx10)/(100)=Rs(x r)/(10)` `:.(xr)/(10)=ximpliesr=(x xx10)/(x)=10` `:.` Rate of yearly simple interest `=10%` |
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