How long will an amount of money double itself in 10 years?

Here, we have R = 10\% and have to calculate t for the sum of the money (that is P) to double. Hence, it will take 10 years for the sum of money to double itself with the rate of 10\% per annum simple interest.

In what time will a sum of money double itself in 10 years at SI?

T=2P×100P×10 = 20 years.

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

10\%
Hence the required rate in which the sum becomes double itself in 10 years is 10\%.

How long in years will a certain sum of money to doubles its amount?

Double Your Money: The Rule of 72 The rule states that an investment or a cost will double when: [Investment Rate per year as a percent] x [Number of Years] = 72. The Rule of 72 indicates than an investment earning 9\% per year compounded annually will double in 8 years.

How many years will a sum of money doubles itself at 12 per annum?

In this problem, it is given that the rate is 12 \% per annum and we need to find the time in which the principal amount doubles. The total amount at the end of N years is the sum of simple interest and the principal amount. Hence, the required time is 8 years and 4 months.

How long will it take for a certain amount of money to double itself at 8\% interest rate?

approximately nine years
For example, if an investment scheme promises an 8\% annual compounded rate of return, it will take approximately nine years (72 / 8 = 9) to double the invested money.

What is the rate of simple interest the principal doubles itself 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 will a sum of money doubles itself in 16 years?

Let principal = P. Then S.I. = P and T = 16 yrs. Rate = 100 x P/P*16\% = 6 ¼ \% p.a.

At what rate of interest a sum of money doubles itself?

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.

How many years will a sum of money doubles itself at 5 per annum on simple interest?

So, the time taken is 14 years and 2 months.

How many years will a sum of money doubles itself at 12.5 per annum?

8 years