1.

Find the time in which a sum of money gets doubled at the interest rate of 8per cent per annum​

Answer»

ANSWER:

LET the sum of MONEY be x

AMOUNT=2x

SI= Amount - Principle

SI=2x-x

SI=x

Time=SI*100/P*R

=x*100/x*8

=100/8 YEARS

=25/2 years

=12 years 1 month

Hope it helps you!!!



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