How long will it take for a sum of money to grow from Rs 1250 to Rs 10000 if it is invested at 12.5% per annum simple interest?
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How long will it take for a sum to become 12 times if the rate of interest is 12.5% per annum under simple interest?Time = 8 years. Was this answer helpful?
How long will it take a sum of money invested at 5% PASI to increase its value by 40 %?Thus, it will take 8 years.
At what rate percent per annum will a sum of money double in 8 years?Hence, the rate of interest to double a money in 8 years will be 12.5% per annum.
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