At what percent the money will double itself in 8 years
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Given ,
Time = 8 years
Principal = 100
Then , double itself = 100×2 = 200
SI = 200-100 = 100
Rate = SI × 100/ P × T
=> 100×100/100×8
=> 100/8
=> 12.5 %
hence the required rate is 12.5% or 12 whole 1/2 % .
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Time = 8 years
Principal = 100
Then , double itself = 100×2 = 200
SI = 200-100 = 100
Rate = SI × 100/ P × T
=> 100×100/100×8
=> 100/8
=> 12.5 %
hence the required rate is 12.5% or 12 whole 1/2 % .
MARK IT AS THE BRAINLIST IF IT WORKS...
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