How much time will be required for a Sum of money to double itself at 61⁄4% per annum Simple Interest? *
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Answer:
6.5 year
Step-by-step explanation:
Let the principal is 100 Rs.
So, s.i will be 100.
Rate = 61/4%
Time = s.i x 100/ principal x rate
Time =( 100 x 100)/(100 x 61/4)
Time = 100 x 4/61 =400/61
Time = 6.5 year
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