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At what rate of simple interest per annum an amount will be doubled in 10 years?
Wiki User
∙ 11y ago
At approximately 7.9% a sum will double itself in 10 years.
For rough mental arithmetic, there is a 'rule of 70' for doubling of an investment. Divide the number 70 by the time period. e.g. 70 / 10 in the example given. Works reasonably well for small interest rates.
Wiki User
∙ 11y ago
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How much time will it take for an amount of rs450 to yield rs81 as interest at 4.5 percent per annum of simple interest?
5 years
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If it is simple interest, then it is 2700. ■
The difference between the simple and compound interest on a certain sum is Rs250 for two years at 5 percent Pa per annum Find the sum?
simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest
Calculate the sum to which 6000 will amount in 5years at 12 percent per annum compound interest?
5,132.33^10
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Rs 84 in all.
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$494.34 Interest= principal amount * time* simple interest %
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Rs 80.
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5 years
What is 9 percent of 7450per annum simple interest?
670.50
What is 9 percent per annum on 30000?
If it is simple interest, then it is 2700. ■
how much interest will you get at the end of the year if the interest is 2.05 pa?
Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).Assuming it is 2.05 percentper annum, then 2.05% of the amount that you deposit (or 2.05% of the average amount of your deposit).
In what time will 2700 yield the same interest at 4 per annum as 2250 in 4 years at 3 per annum?
In 2.54 years the compound interest will amount to 282.39 in both cases.
The difference between the simple and compound interest on a certain sum is Rs250 for two years at 5 percent Pa per annum Find the sum?
simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest
Calculate the sum to which 6000 will amount in 5years at 12 percent per annum compound interest?
5,132.33^10
What is interest of rs 200000 at the rate of 11.5 percent per annum for 3 years?
Assuming simple interest, you multiply the capital times the interest rate times the number of years.
What is the present worth of Rupees.132 due in 2 years at 5 percent simple interest per annum?
120
What will be simple interest on Rs 600 at the rate 3.5 percent per annum for 4 year?
Rs 84 in all.
