A sum of money doubles itself in eight years . What is the rate of interest.
Answers
Answered by
11
Answer:
12.5% per annum
Hence, the rate of interest to double a money in 8 years will be 12.5% per annum.
Answered by
0
Answer:
12.5% p.a.
Step-by-step explanation:
RATE OF INTEREST = SI*100
______
. P*T
=X*100÷X*8
= X÷X = 1
=100 ÷ 8 = 12.5 %
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