Question

a local bank is advertising that you can double your money in 8 years if you invest with them . Suppose you have ₹10000 to invest , what interest rate is the bank offering

Answer 1

Answer:

Step-by-step explanation:

principal = 10000 , AMount =20000, time =8 years , interest =10000 , rate = 100* si /p*t = 10000*100/10000*8 = 12.5% , therefore rate = 12.5%

Answer 2

Answer:

hope it is helpful to you friend