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      Question

      How long will a sum of money take to double, if it is

      invested in 9% p.a. simple interest?(approx).
      A 12 years Correct Answer Incorrect Answer
      B 14 years Correct Answer Incorrect Answer
      C 11 years Correct Answer Incorrect Answer
      D 13 years Correct Answer Incorrect Answer

      Solution

      Rate =9% Let Principle =100 Amount =100Γ—2=200 SI =A-P=200-100=100. T =SI Γ—100)/PR = (100Γ—100) / 100Γ—9 =10000/900 =11(1/9) years

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