Question

6. In how many years will rupees 15000 be doubled at the rate of 12
1/2
p.c.p.a.?
(1) 6 years
(2) 7 years
(3) 8 years
(4) 12 years​

Answer 1

Step-by-step explanation:

Principal = s.150(

Amount gets doubled

lount=Rs.3000

Rate of interest =12 1 2 =12.5\%

Formula: A=P(1+r)^ ^ t

30000=15000(1+1frac\ 12.5\ \ 100\ )^ ^ t

2=(1+ backslash frac\ 12.5\ \ 100\ )^ ^ t

t = 5.8

Hence It will take 5.8 years to double at the rate of 12 1/2 p. c. p. a