Question

At what rate per cent per annum simple interest will a sum double itself in 8 years?
1)(25/2)% p.a
2)(2/25)% p.a
3)30% pa​

Answer 1

Step-by-step explanation:

12.5% per annum

At what rate percent per annum will a sum of money double in 8 years. Rate = [(100 x P)/ (P x 8)]% = 12.5% per annum.

Answer 2

Answer:

1)25/2 or 12.5

for rechecking , Divide it by 100