11. At what rate the sum will be twice in 15 years ?
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Let the principal be p
the amount be 2p
To find SI
Amount - Principal = SI
=) 2p - p = SI
=) p = SI
Rate = (SI × 100/ P × T)
= (p × 100/ p × 15)
= 20/3 % p.a
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6.67
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