Home
Class 14
MATHS
If a sum of money doubles itself in 8 ye...

If a sum of money doubles itself in 8 years . Then the interest rate in percentage is

A

`11.5`

B

12

C

`12.5`

D

13

Text Solution

Verified by Experts

The correct Answer is:
C
Promotional Banner

Similar Questions

Explore conceptually related problems

A sum of money doubles itself in 8 years.What is the rate of interest?

A sum of money doubles itself in 3 years. At same rate of simple interest, for a period of 9 years, how many times will the sum become?

Find the rate at which a sum of money will double itself in 3 years, if the interest is compounded annually.

Find the rate at which a sum of money will double itself in 2 years,the interest is compounded annually.

A sum of money doubles itself in 4 years at compound Interest. It will amount to 8 times itself at the same rate of interest in :

A certain sum of money doubles itself & number of years is equal to rate of interest. Find the rate of interest.