A) \[12%\]
B) \[12\frac{1}{2}%\]
C) \[13%\]
D) \[15%\]
Correct Answer: B
Solution :
Let sum = P, then SI = P As amount = 2 P and time = 8 yr \[\therefore \]Rate \[=\frac{\text{100 }\!\!\times\!\!\text{ SI}}{\text{Sum }\!\!\times\!\!\text{ Time}}=\left( \frac{100\times P}{\text{P}\times 8} \right)%=12\frac{1}{2}%\]You need to login to perform this action.
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