In how much time, will a sum of money double itself at 12.5% per annum rate of interest.
Open in App
Solution
Verified by Toppr
Let principal be x rate= 12.5 % amount =2x simple interest =2x-x =x SI = P*R*T/100 x= x*12.5*T/100 T = 100/12.5 T = 8 years Time = 8 years
Was this answer helpful?
59
Similar Questions
Q1
In how much time, will a sum of money double itself at 12.5% per annum rate of interest.
View Solution
Q2
In how much time will a sum of money double itself if invested at 8% simple interest per annum?
View Solution
Q3
In how many years will a sum of money double itself at 10%. Interest per annum.
View Solution
Q4
At what rate percent per annum simple interest will a sum of money double itself in 6 years?
View Solution
Q5
A sum of money is lent out at compound interest at a certain rate per annum becomes three times of itself in 8 years.Find in how many years will the money become 27 times of itself at the same rate of interest per annum.