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Basic Mathematics QUESTION #2897
Question 1
In how many years will $\$200$ double itself at $10\%$ simple interest?
  • 5 years
  • 10 years✔️
  • 20 years
  • 8 years
Correct Answer Explanation
To double, Interest must equal Principal ($200$). $T = (200 \times 100) / (200 \times 10) = 10$ years.