At what percentage of simple interest does an amount of money double in 12 years? [#1702] | SPPMMC

At what percentage of simple interest does an amount of money double in 12 years? [#1702]

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Q1. At what percentage of simple interest does an amount of money double in 12 years?
Q1. At what percentage of simple interest does an amount of money double in 12 years?

(A) 912%
(A) 912%
(B) 812%
(B) 812%
(C) 813%
(C) 813%
(D) 913%
(D) 913%
Answer: (C) 813%
Answer: (C) 813%
P * 813% * 12 = P * 253% * 12 = P * 3003% = P * 100%
P * 813% * 12 = P * 253% * 12 = P * 3003% = P * 100%

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2024-10-23

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