plz help me in this question
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Answered by
0
Answer:
16%
Step-by-step explanation:
i hope this is useful for you
Answered by
0
Answer:
R=8%
Step-by-step explanation:
Given: some of money doubles itself in 12(1/2) years.
To find : At what rate of simple interest will a some of money doubles itself in 12(1/2) years.
Solution: Simple interest formula is A= (p+rate)
Wher P= principle
R= rate of interest
T= time period
A= total return or principle plus interest earned during time period.
So, simple putting your inputs in the equation I.e.
A=> 2×principle
Time frame = 12(1/2) years.
We get,
=> 2p= p(1+25/2rate)
Concilling p as they are common, we get
=> 4= 2+25rate
=> rate= 2/25×100
=>. Rate= 8%
Hence, the core t answer in 8 %..... ❣️
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