Question

A sum of ₹20000 is invested at the rate of 5% per annum. Find after how many years will the sum double itself.

Answer 1

Answer:

When we replace r with 0.05 (5%), we find t=14.2067, which means that applying an interest rate of 5% per year, the initial amount will double in 14.2067 years, or 14 years and almost 2 and a half months (2.48 to be exact)

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

this is a answer.

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