Question

at what rate a sum doubles itself in 8 yeas 4 months?

place answer the question step by step ​

Answer 1

Answer:

Here is your Answer :-

Let principal be (p) = 100

Time = 8yr and 4 months

=> 8 + 1/3 years

=> 25/3years

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Rate = S.I × 100 / p × t

=> 100 × 100/ 100 × (25/3)

=> 100 × 3 / 25

=> 4×3

=> 12 %

So, At the rate of 12 % per annum a sum of money will double itself in 8yrs and 4 months

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