how much time will it take for a sum of money to amount to 5/4 of itself at 12½℅ p.a
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Step-by-step explanation:
Let principal be x
rate= 12.5 %
amount =2x
simple interest =2x-x =x
SI = P*R*T/100
x= x*12.5*T/100
T = 100/12.5
T = 8 years
Time = 8 years
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