How much a sum becomes double in 16 years?
Suppose we have any sum of Money say 100. Question says sum becomes double in 16 years ie 100 will become (100+100)=200. Therefore it increases 100\% in 16 year Eg.
At what rate of interest a sum of money doubles itself in 5 years?
Detailed Solution If a sum doubles itself in 5 years by simple interest. Calculations: Let P be the principal amount and R be the rate of interest. ∴ The rate of simple interest p.a. is 20\%.
In what time will a sum of money doubles itself at 6?
A sum of money doubles itself in 6- years. So it will become 4- times in (2 x 6)= 12— years.
How long will an amount of money double itself in 10 years?
Here, we have R = 10\% and have to calculate t for the sum of the money (that is P) to double. Hence, it will take 10 years for the sum of money to double itself with the rate of 10\% per annum simple interest.
How do you double 4?
To multiply by 2. To have 2 of something. Example: Double 4 is 8.
In what time will a sum of money double itself at 8\% pa?
Answer: 10 years. Formula : So, a sum of money double itself at 8\% p.a in 10 years.
At what rate of simple interest will a sum of money doubles itself in 8 years?
12.5\% per annum
Hence, the rate of interest to double a money in 8 years will be 12.5\% per annum.
At what rate of simple interest will a sum of money doubles itself in 10 years?
10\%
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\%.
In what time will a sum of money doubles itself?
Hence, the required time is 8 years and 4 months.
In what time will a sum of money doubles itself at 12\% per annum?
The time required is 8 years and 4 months.
How long in years will a certain sum of money to doubles its amount?
Double Your Money: The Rule of 72 The rule states that an investment or a cost will double when: [Investment Rate per year as a percent] x [Number of Years] = 72. The Rule of 72 indicates than an investment earning 9\% per year compounded annually will double in 8 years.
How long will the money double itself at 12.5\% per annum?
8 years
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