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At what rate percent per annum will sum of money double in 8 years?

Solution:
Your problem `->` At what rate percent per annum will sum of money double in 8 years?


Let, Sum = `X`, Time = `8` years and Amount = `2X`.

`:. SI = X. `

`SI = (P*R*N)/100`

`R = (SI * 100)/(P * N) = (X * 100)/( X * 8 ) = 25/2` %

`:.` sum of money double at `25/2` % in `8` years.






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