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Question

At what rate percent per annum  will a sum of money double in  16  years ?


Options:
A .  15%
B .  16%
C .  `6 1/4`%
D .  17%
Answer: Option C

Let principal  = P, Then  , S.I.  = P and T =  16 yers.

`:.`       Rate = `((100 xx P)/(P xx 16))`% =  `6 1/4`% p.a.




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