Question

In how many years a sum of money doubles at the rate of 8 percent​

Answer 1

Answer:

1.05years is your answer

explanation

sum of money double we want 100 percent that

100 ÷8=12.5months

Answer 2

Answer:

12.5 years

Step-by-step explanation:

let the sum of money be 100 then the amount will be 200

amount-principal=interest

then interest will be 100

let the year be x

(100*8*x)/100=100

or, x=100/8=12.5