Question

In what time will a sum double itself at 8% per annum simple interest ?

Answer 1

Explanation:

The Rule of 72 states that the amount of time required to double your money equals 72 divided by your rate of return. For example: If you invest money at a 10 percent return, you will double your money every 7.2 years. ... If you invest at a 7 percent return, you will double your money every 10.2 years.

Answer 2

Answer:

Explanation:

At what rate percent per annum will a sum of money double in 8 years. A) 12.5% B) 13.5% C) 11.5% -