Mathematics · Simple Interest
At what rate percentage per annum (p.a.) will a sum of money double itself in 81/3 years under simple interest?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 18% p.a.
- 27% p.a.
- 312% p.a.✓
- 48.5% p.a.
Correct answer
12% p.a.
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