Question

in how much time will a sum become double at 12% per annum simple interest​

Answer 1

Answer:

Data:

R=12% , n or t =?

In this case P = I

FORMULA:

I = prn

NOW,

I = p×12% = n or I ÷ I × 12% = n

SO,

1 ÷ 12% = n = 8.33 or 8 years and 4 months

Step-by-step explanation: