7. In what time a sum of money will be two times of itself at 6% per
annum?
Answers
Answered by
1
Answer:
if the interest rate earned is 6%, it will take 12 years (72 divided by 6) for your money to double. If you want your money to double every 8 years, you will need to earn an interest rate of 9% (72 divided by 8).
Answered by
1
10 years. Formula : So, a sum of money double itself at 8% p.a in 10 years.
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