Question

At what rate percent per annum will a sum of money double itself in eight years?​

Answer 1

Answer:

999 hahahahahahahahahahahahahahahahahahahahahahahahahaah

Answer 2

Answer: 12.5% per annum.

Step-by-step explanation:

Let principal = P, Then, S.I.= P and Time = 8 years

We know that S.I. = PTR/100

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