1.

In how many years, a deposit of 15,000 will double at 8% per annum simple interest?​

Answer»

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Given In Question:-

  • Principal = Rs . 15000
  • Rate Of Interest = 8% Per Annum.

Amount = Rs.15000×2 = Rs.30000

Therefore, Interest= 30000-15000= Rs.15000 (Amount - Principal)

Let Time PERIOD Be T

SI= P×R×T/100

SI=15000×8%×T/100

Interest=

(15000/100)=(15000×8×t/100)

((do the cuttings then))

=12.5 YEARS Answer

Will Come.

Time Period For principal To DOUBLE Is 12Years And 6 Months.

Hope it helps you!!

Stay safe and blessed ❤️


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