At what rate of simple interest will a sum of money double itself in 2 years?

So rate of interest should be 3 (1/3) to get some of money double itself.

At what rate of interest is an amount doubles in two years when compounded annually?

∴ The required result will be 41.4\%.

At what rate of simple interest per annum will the sum of money becomes double in 5 years?

According to the question, SI must be equal to 2 × P in order to make the final sum two times the original principal amount after 5 year. ∴ Required rate of interest is of 20\%.

At what rate will an amount become double of its sum at the interest rate of 5 per hundred per annum?

When we replace r with 0.05 (5\%), we find t=14.2067, which means that applying an interest rate of 5\% per year, the initial amount will double in 14.2067 years, or 14 years and almost 2 and a half months (2.48 to be exact).

At what rate of interest will a sum of money double?

According to Simple Interest (S.I) formula. . Where P is principal amount, R is rate of interest and T will be time period. Hence, the rate of interest to double a money in 8 years will be 12.5\% per annum.

At what simple interest rate will a sum double in 10 years?

10\% per annum
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 calculate simple interest for 2 years?

Simple interest is a method to calculate the amount of interest charged on a sum at a given rate and for a given period of time….Simple Interest Example:

	Simple Interest
1 Year	S.I = (1000 ×5 × 1)/100 = 50
2 Year	S.I = (1000 × 5 × 2)/100 = 100
3 Year	S.I = (1000 ×5 × 3)/100 = 150
10 Year	S.I = (1000 × 5 × 10)/100 = 500

At what rate of simple interest will a sum of money double in 8 years?

12.5\% per annum
According to Simple Interest (S.I) formula. . Where P is principal amount, R is rate of interest and T will be time period. 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 double 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\%.

At what rate of interest a sum of money doubles itself in 10 years in simple interest?

What is the rate of interest if money doubles every 5 years?

If it doubles in 10 year the rate rate is about 7.2\%. If it doubles in 5 year, the the approximate interest rate is 72/5 = 14.4\%. You can flip this on its head and ask how long will it take to double your money at different rates of return.

How much interest do you earn on simple interest?

That’s because, in simple interest, you literally mean that you NEVER earn interest on the interest. So you earn the same amount of interest each year. To earn $1 on $1 (ie double), you need to earn 8 and 1/3 cents every year, then after 12 years, you’ll have earned that second dollar.

How many times does money double itself in 10 years?

A sum of money, at simple interest, double itself in 10 years. It will become 5 times of itself in

How can I double my principal amount in 8 years?

There are simple methods to count to number of years it will take to double your money using simple interest and compound interest. For simple interest, the formula is : r=100/n , where r is the rate of interest and n is the number of years. I want to double my principal amount in 8 years so at what simple interest rate should I invest my money?