A person has deposited amount at …
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Rashmi Bajpayee 7 years, 1 month ago
Let amount deposited be P. Then amount after required years will be 2P.
Now, S.I. = P x R x T / 100
S.I. = P x 12 x T / 100 = 2PT/25
Amount = P + S.I
2P = P + (2PT/25)
P = 2PT/25
2T = 25
T = 12.5
Therefore the time required for principal double is 12.5 years.
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