At what rate percent per annum simple interest will a sum double itself in 8 years 4 months?

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Solution

The correct option is A12.5%Explanation for the correct option:Consider that sum is invested under simple interest.The formula for the simple interest SI is given as SI=P×R× N100Where , P is the principal amount, R is the percentage rate of interest per annum,N is the number of years for which the sum is invested.The amountA is given as A=P+SIAccording to given condition it is known that the amount is doubled.⇒A=2P⇒2P =P+SI⇒SI=PSubstituting the values in the formula of simple interest we get⇒P=P× R×8100⇒R=1008⇒R=12.5%Thus the given amount will double in 8 years at 12.5%per annum.Hence, option(A) i.e. 12.5% is the correct answer.

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At what rate of simple interest per annum will a sum double itself in 8 years?

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Solution

The correct option is C12.5% Let the sum invested be P, and the rate of interest be R. Given in 8 years, Amount=2P ⇒P+SI=2P ⇒SI=P ⇒P×T×R100=P ⇒T×R=100 ⇒R=100T=1008=12.5%

At what rate of interest pa will a sum double itself in 8 years?

Hence, the rate of interest to double a money in 8 years will be 12.5% per annum.

At what rate a sum triples itself in 8 years 4 months?

R=12. 5%

At what simple interest rate shall a sum of money double itself in 4 years?

Therefore, r=12100=831percent.

At what rate percent per annum of simple interest will a sum of money double itself in 12 years?

Let the principal be x. Then, the amount after 12 years be 2x. Let the rate of interest be R. ∴ The rate of interest is 25/3%.