Question

The sum of money doubles itself in 8 years at simple interest. The rate of interest is

• A. 10%
• B. 8%
• C. 12 1/2%
• D. 7 1/2%

Answer 1

Answer:

C. 12 1/2%

Read Explanation:

R=100/N = 100/8 = 12 1/2%

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