Biology, asked by techygamer9450, 6 months ago

A sum of money becomes
times of itself in 4 years compounded annually. Find
rate of interest.

Answers

Answered by joellinson109

0

Answer:

A=P(1+

100

R

)

T

2x=x(1+

100

R

)

4

(1+

100

R

)=2

1/4

8x=x(1+

100

R

)

T

∵1+

100

R

=2

1/4

∴8=2

T/4

2

3

=2

T/4

4

T

=3

T=12years

Explanation:

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