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At what simple interest rate percent per annum will a sum of money double in 12 years?
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At what simple interest rate percent per annum will a sum of money double in 12 years?
interest
mathematical
percentage
posted
Sep 24, 2018
by
Nimish
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1 Answer
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8.33%
If at x % the sum doubles in 12 years than we have 12x=100% --> x=100/12=8.33 % per year
answer
Sep 24, 2018
by
Hanifa Mammadov
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