Let the sum be Rs 'y' , so amount = 2y
Simple interest =Rs y
Let R be the rate of interest,
R= (100 x SI)/(P x T) = (100 x y) / (y x 8) = 12.5 %
where SI= Simple Interest
P = Principal
T = Time
now, the needed amount = Rs 4y
since SI = Rs (4x-x)= Rs 3y
since T= (100 x SI)/(P x R)
= (100 x 3y )/(y x 125)= 24 yr