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    Question

    A certain amount becomes double in 8 years at r% simple

    interest. Find the rate of interest.
    A 10.5 Correct Answer Incorrect Answer
    B 48 Correct Answer Incorrect Answer
    C 25 Correct Answer Incorrect Answer
    D 12.5 Correct Answer Incorrect Answer

    Solution

    Let the amount be Rs. x According to the question, (x × r × 8)/100 = 2x – x Or, r = 12.5

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