At what rate percent per annum will a sum of money double in 8 years.
Answers
Answered by
11
let principal be 100 , then double itself ( amount) = 200
principal = 100
amount = 200
Simple interest = (200-100) = 100
Rate = x%
Time = 8 years
Rate = SI × 100/ P × T
=> 100×100/100×8
=> 100/8
=> 12.5 %
hence the required rate % is 12.5 %
principal = 100
amount = 200
Simple interest = (200-100) = 100
Rate = x%
Time = 8 years
Rate = SI × 100/ P × T
=> 100×100/100×8
=> 100/8
=> 12.5 %
hence the required rate % is 12.5 %
Answered by
1
Answer:
4550
Step-by-step explanation:
364/8*100
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