Question

At what rate of S.I will a sum of money double in 8 years

Answer 1

12.5% per annum

Rate = [(100 x P)/ (P x 8)]% = 12.5% per annum.

Answer 2

Answer:

12.5% per annum

Rate = [(100 x P)/ (P x 8)]% = 12.5% per annum.

Step-by-step explanation:

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