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At what rate of interest a certain sum will be doubled in 8 years?
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Answered by
10
Answer :
- At 12.5% rate of interest sum will be doubled in 8 years!!
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Given :
- Time = T = 8 years
Solution :
Let us assume that,
- Principal = P
- SI = P
Also,
We know that,
- SI = PTR / 100
By using the above formula,
Therefore, at 12.5% rate of interest sum will be doubled in 8 years!!
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Answered by
1
- At what rate of interest a certain sum will be doubled in 8 years?
_______________________
- principle = p
- amount = 2p
- interest = 2p - p = p
- time = 8yrs
_______________________
- rate = ?????
______________________
_____________________
- principle will be doubled in 8years when the rate is 12.5%
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