Q.If a principal amount doubles in 10 years, then the annual simple interest rate is—? (a) 5% (b) 10% (c) 15% (d) 20%
Answer: B
Principal (P) = \(x\) rupees
Interest (I) = \(x\) rupees
Time (t) = \(10\) years

\(\therefore\) Interest rate = \(\cfrac{100 \times x}{x \times 10} \%\)

= \(10\%\)

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