In how many years will $ 600 double itself at 12 % simple interest ?� – InterviewSolution

1.	In how many years will $ 600 double itself at 12 % simple interest ?
Answer» 8.33 YEARS Step-by-step explanation:Prinipal AMOUNT = $600Interest = $600 ( as principal amount is doubled )RATE of interest = 12 %the formula for finding interest is, I = P R T / 100substitute the value , 600 = 600 * 12 * T/100i.e 100/12 = 8.33 is the answer

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