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At r% per annum a sum become 2 times aft...

At `r%` per annum a sum become 2 times after 20 years. The rate of interest per annum is :

A

`4%`

B

`5%`

C

`8%`

D

`10%`

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The correct Answer is:
To solve the problem step by step, we can follow these instructions: ### Step 1: Understand the Problem We need to find the rate of interest per annum (r%) at which a sum of money becomes double after 20 years. ### Step 2: Define the Variables Let the principal amount be \( P \). According to the problem, the amount after 20 years becomes \( 2P \). ### Step 3: Use the Formula for Simple Interest The formula for the amount \( A \) in terms of principal \( P \), rate \( r \), and time \( t \) in simple interest is: \[ A = P + \text{SI} \] Where Simple Interest (SI) is given by: \[ \text{SI} = \frac{P \times r \times t}{100} \] Thus, we can write: \[ A = P + \frac{P \times r \times t}{100} \] ### Step 4: Substitute the Known Values In our case, the amount \( A = 2P \) and the time \( t = 20 \) years. Substituting these values into the equation gives: \[ 2P = P + \frac{P \times r \times 20}{100} \] ### Step 5: Simplify the Equation We can simplify the equation by subtracting \( P \) from both sides: \[ 2P - P = \frac{P \times r \times 20}{100} \] This simplifies to: \[ P = \frac{P \times r \times 20}{100} \] ### Step 6: Cancel Out \( P \) Assuming \( P \neq 0 \), we can divide both sides by \( P \): \[ 1 = \frac{r \times 20}{100} \] ### Step 7: Solve for \( r \) Now, we can solve for \( r \): \[ 1 = \frac{20r}{100} \] Multiplying both sides by 100 gives: \[ 100 = 20r \] Dividing both sides by 20 results in: \[ r = \frac{100}{20} = 5 \] ### Step 8: Conclusion Thus, the rate of interest per annum \( r \) is \( 5\% \). ### Final Answer The rate of interest per annum is **5%**. ---
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QUANTUM CAT-CI/ SI/ INSTALMENTS-QUESTION BANK
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  9. A person takes a loan of ₹ 200 at 5% simple interest. He returns ₹ 100...

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  13. What annual payment will discharge a debt of Rs. 580 in 5 years, the r...

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  14. Find the amount of Rs. 2500 invested at 12% during the period from 4^(...

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  15. Find the amount of Rs. 1700 invested at 16% half yearly at simple inte...

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  16. The compound interest on Rs. 1000 at 10% p.a. in 3 years :

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  17. The compound interest on Rs. 10000 at 20% p.a. in 4 years :

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  18. The compound interest on Rs. 4000 at 25% p.a. in 3 years :

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  19. The compound' interest on ₹ 5000 at 30%. per annum for 4 years:

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  20. A sum of Rs 400 would become Rs. 441 after 2 years at r% compound inte...

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