at what rate of interest a certain sum will be doubled in 8years? Ans fast pls.
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Let the Principle(P) be Rs x.
∴ Amount (A)= Rs 2x
Simple Interest (SI) = A - P
= 2x - x
= x
Time (T) = 8 yrs.
Rate (R) = 100*SI / P*T
= 100*x / x*8
= 25/2
= 12.5%
12.5% is your answer.
Hope it helped you!
Please mark it as brainliest if you liked it!
∴ Amount (A)= Rs 2x
Simple Interest (SI) = A - P
= 2x - x
= x
Time (T) = 8 yrs.
Rate (R) = 100*SI / P*T
= 100*x / x*8
= 25/2
= 12.5%
12.5% is your answer.
Hope it helped you!
Please mark it as brainliest if you liked it!
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