A bank gives an investor double the initial deposit in 5years, interest being simple interest. Then the rate of Interest is:

• simple formula
  rate=100(count of(p)-1)/time
  for ex in bank gives an investor double the initial deposit in 5years
  rate=(100(2-1))/5=20%(ans)
  A bank gives an investor double the initial deposit in 5years, interest being simple interest. Then the rate of Interest is:20%(ans)
  
• 11 years agoHelpfull: Yes(2) No(1)
• 20%
  
  in five years interest equal to principal amount
  
  suppose 100 Rs. invested .then interest is 100 for five years .therefore interest for one year is 20 Rs. interest is 20%
• 11 years agoHelpfull: Yes(1) No(0)
• ans IS 20% becoz simple if you got 200% amount in 5 years ,
  so
  for ex. invest 10 rs after 5 years your interest 10 rs (0.2*5/100) and amount you receive 20 rs
• 11 years agoHelpfull: Yes(0) No(0)
• SI=PRT/100
  FOR P TO BE DOUBLED INTEREST SHOULD BECOME P.. HENCE SI=P*20*5/100
  
• 11 years agoHelpfull: Yes(0) No(0)