Question

In what time will a sum of money at 12% per annum simple interest double itself

Answer 1

Answer:

HERE IS YOUR ANSWER.

HOPE IT HELPS YOU.

PLEASE MARK AS BRAINLIEST OR FOLLOW ME.

Answer 2

The time required is 8 years and 4 months.

Step-by-step explanation:

The formula to compute simple interest is,

$SI=\frac{P\times r\times t}{100}$

The formula to compute amount is:

A = SI + P

Given:

P = x

A = 2x

r = 12% p.a.

Then the simple interest is:

SI = A - P

   = 2x - x

   = x

Compute the value of t as follows:

$SI=\frac{P\times r\times t}{100}\\x=\frac{x\times 12\times t}{100}\\100=12t\\t=8.33$

Thus, the time required is 8 years and 4 months.

Learn more:

https://brainly.in/question/2058140