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In how much time will an amount be doubled at the rate of ?

  1. A
  2. B
  3. C
  4. D

Solution & Step-by-step Explanation

Let the Principal amount be .
Since the amount doubles, the final Amount () will be .

Therefore, the Simple Interest () earned is:



The formula for Simple Interest is:



Given the rate of interest () = .
Substitute and into the formula:



Dividing both sides by :





Therefore, the amount will be doubled in .

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In how much time will an amount be doubled at the rate of ?
A
B
C
D

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