In what time will money deposited in a bank
double itself if rate of interest is 12 1by2 % p.a.
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Answered by
32
Answer:
let the money be x
amount will be 2x
simple interest=2x-x=x
SI=prt/100
x=x×12.5×t/100
100=12.5t
t=100÷12.5
=1000/125
=8 years
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