Answered: .What rate of simple interest will make…

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.What rate of simple interest will make a principal double itself in 6 years. a)16.67% b)8.33% c)33.33% d)4.16%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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5.What rate of simple interest will make a principal double itself in 6 years.

a)16.67%

b)8.33%

c)33.33%

d)4.16%

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