If in 13 years a fixed sum doubles at simple interest, what will be the interest rate per year? (Correct to two decimal places)

Questions :

If in 13 years a fixed sum doubles at simple interest, what will be the interest rate per year? (Correct to two decimal places)

Options :

  • 7.69%
  • 7.92%
  • 8.69%
  • 7.29%

correct answer : a)

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