Question

what percent per annum will a sum of money double itself in 8 year s​

Answer 1

Answer:

At what rate percent per annum will a sum of money double in 8 years. Rate = [(100 x P)/ (P x 8)]% = 12.5% per annum.

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Answer 2

Answer:

12.5%

Step-by-step explanation:

Let principal = P, Then, S.I.= P and Time = 8 years

We know that S.I. = PTR/100

Rate = [(100 x P)/ (P x 8)]% = 12.5% per annum.