An amount doubles in 5 years by the simple interest. How many years are
required for the same amount with same rate of interest to get converted to five
times the original amount?
Answers
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3
Answer:
time reqd = 12.5yrs
Step-by-step explanation:
A = 2P when t = 5yrs
A = P + PRt/100
A~t
For A2 = 5P t = ?
A1/A2 = t1/t2
2/5 = 5/x
x = (5x5)/2 = 25/2 = 12.5yrs
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