at what rate of interest will a sum of money will double itself in 16 2/3 years?
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Let sum be P
Sum= P
Amount= 2P
SI= A-P
= 2P-P= P
Time = 16 whole 2/3
=16*3+2= 48+2=50 yr
Rate =SI*100/P*T
= P*100/P*50
Rate =2%
Hope it helps uhhhh....
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