27) At how much rate a sum becomes doubles in
16 yr?
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Answer:
Given: A sum doubles itself in 16 years.
To discover how often will it be in 8 years.
Assume we have any whole of Money say 100.
The questions say total turns out to be double in 16 years ie 100 will progress toward becoming (100+100)=200.
In this manner, it increases 100% out of 16 years Eg.If I store $100 in the bank at that point as per the question, I would get $200( $100 which I saved and $100 additional as interest).
So on the off chance that it increases 100% of every 16 years then in 8 years, it would increase half.
In the event that I saved $100 in 8 yrs I would get half additional on 100 ie (100+50=150).
So 1.50 or One and a half times is the appropriate answer.
hope it helps
tq,./
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