Question

13. In how many years will 7500 double at 8% simple interest
(1) 12.5
(2) 10
(3) 12​

Answer 1

Answer:

a) 12.5

Step-by-step explanation:

INTEREST FOR 1 YEAR WOULD BE 600

$7500 \times 8 \div 100 \\ = 600$

So, 7500/600=12.5

$\frac{7500}{600} = 12.5$

SO, ANSWER IS 12.5 YEARS

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