Doubling - simple interest
A sum becomes its double in 10 years. Find the annual rate of simple interest
Correct answer:
Tips for related online calculators
Our percentage calculator will help you quickly and easily solve a variety of common percentage-related problems.
Do you want to convert time units like minutes to seconds?
Do you want to convert time units like minutes to seconds?
You need to know the following knowledge to solve this word math problem:
Units of physical quantities:
Themes, topics:
Grade of the word problem:
Related math problems and questions:
- Interest over time
If certain sum at compound interest becomes double in 5 years, then, in how many years, it will be 16 times at the same rate of interest? - Per annum
At a certain time, a sum becomes 4 times at the rate of 5% per annum. At what rate of simple interest the same sum becomes 8 times in the same duration - An investment
How long will it take for an investment to double at a simple interest rate of 5.10% per annum? Express the answer in years and months, rounded up to the next month. - Triple the sum
At what rate a sum triples in 5 years at simple interest?
- 3 years savings
Simple interest problem. Tereza has deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Interest is added each year and left aside. How many CZK (crowns) will you have in total after three years? - A company 2
A company invests 51000. After 4 years of growth at the same rate each year, the investment is worth 68920. Find the annual growth rate as a percentage. - Annual interest
A loan of 10 000 euros is to be repaid in annual payments over ten years. Assuming a fixed 10% annual interest rate compounded annually, calculate: (a) the amount of each annual repayment (b) the total interest paid.
