1.

At what per cent per annum simple interest will a sum of money double in 8 yr?

Answer»

<P>Answer:

12.5%

Explanation:

Let principal = P, Then, S.I.= P and Time = 8 years

We know that S.I. = PTR/100

RATE = [(100 x P)/ (P x 8)]% = 12.5% per ANNUM



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