Math, asked by supermania123, 1 year ago

In what time will sum it money double itself at 8%p.a?

Answers

Answered by priyanshfiitjee
28

12.5 years ( assuming simple interest)

Attachments:
Answered by AritraK
24

Dear friend,

Let sum of money be P

Rate of interest = 8% p.a.

Amount = 2×P = 2P

SI = A-P = 2P - P = P

Time = ?

ATP,

Time = SI×100 / Rate×Sum of money

= P × 100 / 8 × P

= 25/2

= 12.5

Answer: Time is 12 years 6 months.

Hope it helps !!!


AritraK: Please mark my answer as Brainliest if you found it helpful :)
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