18. In how many years will a sum of money
becomes double at 5% per annum SI?
(2) 20
(4) None of these
(1) 18
(3) 15
Answers
Answered by
0
Answer:
Divide 5 percent income into 72 to double your money - that is roughly 14 years.
Assuming SI stands for Secured Income ? … Precisely it is 15 years.
Time N ?… Interest 5% per period, Present Value - 100, Future Value + 200
gives a time period of 15.
Answered by
1
Answer:
20 years
Step-by-step explanation:
money double means there will 1rs interest and 1rs principal
so according to
SI=p×r×t/100
1=(1×5×t)/100
on solving t=20years
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