Find the rate of simple interest per ann...

Find the rate of simple interest per annum, if a sum borrowed becomes double in 5 years.

Text Solution

Verified by Experts

The correct Answer is:

`20%` per annum

Topper's Solved these Questions

SIMPLE INTEREST AND COMPOUND INTEREST
PEARSON IIT JEE FOUNDATION|Exercise EXAMPLE 9.7|1 Videos
SIMPLE INTEREST AND COMPOUND INTEREST
PEARSON IIT JEE FOUNDATION|Exercise EXAMPLE 9.8|1 Videos
SIMPLE INTEREST AND COMPOUND INTEREST
PEARSON IIT JEE FOUNDATION|Exercise EXAMPLE 9.5|1 Videos
SETS
PEARSON IIT JEE FOUNDATION|Exercise CONCEPT APPLICATION (LEVEL 3) |8 Videos
SQUARES AND SQUARE ROOTS AND CUBES AND CUBE ROOTS
PEARSON IIT JEE FOUNDATION|Exercise Level 3|7 Videos

Similar Questions

Explore conceptually related problems

Find the rate of simple interest per annum. If the sum borrowed becomes 3 times itself in 12 years.

A sum becomes 14 times of itself in 15 years at the rate of simple interest per annum. In how many years will the sum becomes 92 times of itself?

A man who borrowed a certain sum agrees to repay it by paying Rs. 4032 at the end of the first year and Rs. 10075 at the end of the second year. If the rate of simple interest is 12% per annum, find the sum borrowed.

At what rate of interest per annum will a sum double itself in 8 years ?

The simple interest on a sum of money is (4)/(9) times the principal and the rate of interest per annum is numerically equal to the number of years. Find the rate of interest per annum.

A sum of ₹ 3460 is lent at simple interest. If the rate of interest is 5% per annum, then what will be the simple interest for 5 years?

If a sum of money at a certain rate of simple interest per year doubles in 5 years and at a different rate of simple interest per year becomes three times in 12 years, then the difference in the two rates of simple interest per year is

PEARSON IIT JEE FOUNDATION-SIMPLE INTEREST AND COMPOUND INTEREST -EXAMPLE 9.6

Find the rate of simple interest per annum, if a sum borrowed becomes ...
Text Solution
|