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If a sum of money doubles itself in 5 years at simple interest, what is the rate

Practice Questions

Q1
If a sum of money doubles itself in 5 years at simple interest, what is the rate of interest?
  1. 10%
  2. 12%
  3. 15%
  4. 20%

Questions & Step-by-Step Solutions

If a sum of money doubles itself in 5 years at simple interest, what is the rate of interest?
  • Simple Interest – Understanding how simple interest is calculated and the relationship between principal, rate, and time.
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