The sum of money doubles itself in 8 years at simple interest. The rate of interest is
A10%
B8%
C12 1/2%
D7 1/2%
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Related Questions:
At simple interest, a certain sum of money amounts to ₹1.250 in 2 years and to ₹2,000 in 5 years. Find the rate of interest per annum (rounded off to two places of decimal).
സാധാരണ പലിശ നിരക്കിൽ 450 രൂപ മൂന്നുവർഷം കൊണ്ട് 540 രൂപയായാൽ, പലിശ നിരക്ക് എന്ത്?
Money was lent on simple interest. After 12 years, its simple interest becomes of the money. Find the rate of interest.
In what time a sum of money becomes 3 times of itself at simple interest rate of 10% per annum?
At what annual rate (rounded off to the nearest integer) of simple interest will a sum of money become five times its initial value in 18 years?