In what time does a sum of money becomes 2 times at the simple interes

1.	In what time does a sum of money becomes 2 times at the simple interest of 3% per annum
Answer» ong>ANSWER: Therefore, in $33\frac{1}{3}years.$ a sum of MONEY becomes 2 times. Step-by-step explanation: Let the principal(P) =Rs.x. AMOUNT(A) =Rs.2x, TIME = t ∴S.I.=A - P = Rs.2x−Rs.x=Rs.x, R% = 3% We know that, $S.I.=\frac{P.R.t}{100} \\=>x=\frac{x.3.t}{100}\\=>100=3t\\=>t=\frac{100}{3}\\ =>t=33\frac{1}{3}yr.$

In what time does a sum of money becomes 2 times at the simple interest of 3% per annum

Answer»

Therefore, in $33\frac{1}{3}years.$ a sum of MONEY becomes 2 times.

Step-by-step explanation:

Let the principal(P) =Rs.x. AMOUNT(A) =Rs.2x, TIME = t

∴S.I.=A - P = Rs.2x−Rs.x=Rs.x, R% = 3%

We know that,

$S.I.=\frac{P.R.t}{100} \\=>x=\frac{x.3.t}{100}\\=>100=3t\\=>t=\frac{100}{3}\\ =>t=33\frac{1}{3}yr.$