A sum of money becomes 2.5 times itself at 12.5% simple interest p.A. The period of investment is
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Let Principal=x
the amount after interest=2.5x
Interest=2.5x-x=1.5x
rate=12.5%
Interest=principal x time x rate /100
1.5x=x(time)12.5/100
time=1.5x . 100/ 12.5x
time=12 years
the amount after interest=2.5x
Interest=2.5x-x=1.5x
rate=12.5%
Interest=principal x time x rate /100
1.5x=x(time)12.5/100
time=1.5x . 100/ 12.5x
time=12 years
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