Question

At what rate of simple interest should the certain sum be invested so that the amount gets doubled in 8 years?​

Answer 1

Answer:

12.5 percent

Step-by-step explanation:

take rs. 1000 for example

12.5% in 1000 is 125

in 8 years 125 × 8 = 1000

so it doubles itself at 12.5% in 8 years

Answer 2

Answer:

Answer:

12.5 percent

Step-by-step explanation:

take rs. 1000 for example

12.5% in 1000 is 125

in 8 years 125 x 8 = 1000 so it doubles itself at 12.5% in 8 years

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Step-by-step explanation:

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