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It a certain sum of money becomes double at simple interest in 12 years, what would be the rate of interest per annum?

  • a)

  • b)
    10

  • c)
    12

  • d)
    14

Correct answer is option 'A'. Can you explain this answer?
Verified Answer
It a certain sum of money becomes double at simple interest in 12 year...
p=2x

so si=p-initial

si=2x-x

si=x

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It a certain sum of money becomes double at simple interest in 12 years, what would be the rate of interest per annum?a)b)10c)12d)14Correct answer is option 'A'. Can you explain this answer?
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