Question

In how many years will a sum of money double itself at 12% Simple inyer​

Answer 1

Answer:

correct answer is B

Step-by-step explanation:

Let principal = P.

Then, S.I = P,

Rate (R) = 12%

Time = (100 x SI) / (R x P) = (100 x P) / (P x 12) years

= 25/3 years

= 8 years 4 months

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