Question

6. At what rate per cent per annum will a sum of money double itself in 8 years​

Answer 1

Answer:

12.5% per annum

At what rate percent per annum will a sum of money double in 8 years. Rate = [(100 x P)/ (P x 8)]% = 12.5% per annum

Step-by-step explanation:

Answer 2

Answer:

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Step-by-step explanation:

At what rate percent per annum will a sum of money double in 8 years.

Answer: A) 12.5%

A) 12.5%Explanation:

A) 12.5%Explanation:Let principal = P, Then, S.I.= P and Time = 8 years

A) 12.5%Explanation:Let principal = P, Then, S.I.= P and Time = 8 years

A) 12.5%Explanation:Let principal = P, Then, S.I.= P and Time = 8 years We know that S.I. = PTR/100

A) 12.5%Explanation:Let principal = P, Then, S.I.= P and Time = 8 years We know that S.I. = PTR/100

A) 12.5%Explanation:Let principal = P, Then, S.I.= P and Time = 8 years We know that S.I. = PTR/100 Rate = [(100 x P)/ (P x 8)]% = 12.5% per annum.