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At what rate of interest a certain sum will be doubled in 8 years? (a) 8 p.c.pa.(b) 10 p.c.pa(c) 25/2 p.c.p.a. (d) 15 p.c.p.a. |
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Answer» At what rate percent per annum will a sum of MONEY DOUBLE in 8 years. Rate = [(100 X P)/ (P x 8)]% = 12.5% per annum. |
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