Q.If a principal amount doubles in 10 years, what will be the annual simple interest rate ? (a) 5% (b) 10% (c) 15% (d) 20%
Answer: B
Given \( p = 100 \) rupees, \( t = 10 \) years, and \( I = 100 \) rupees, \[ r = \frac{100 \times 100}{100 \times 10} \% = 10\% \] Thus, the annual simple interest rate is 10%
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