Question

What time will be required for a sum of money to double itself at 8 % Simple interest?​

Answer 1

Step-by-step explanation:

p+si =2p

si =p

si = p*n*r

p = p*n*r

1 = r×n

1=8%*n

1= 0.08 x n

n = 1/0.08 = 12.5 years