The simple interest earned on a certain amount

Asked by admin @ 10/08/2021 in Math viewed by 351 People

The simple interest earned on a certain amount is double the money when invested for 15 years. What interest rate is offered? (a) 26.66% (b) 12% (c) 30% (d) 13.33%

Answered by admin @ 10/08/2021

Answer:

Step-by-step explanation:

To get double interest willbe100for principal of 100

Rate of interest=100/15=6.66% k

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