Question

at what rate of interest the principal get doubled in 12.5 years​

Answer 1

Answer:

8% per annum simple interest

Step-by-step explanation:

Considering Simple Interest

Amount = P( 1 + T*R/100)

2P = P(1+12.5*R/100)

100=12.5*R

1000/125=R

8=R

8% per annum