At what percent rate per annum will a sum of money be five times itself in 10 years
Answers
Answered by
5
Answer:
As we know that,
A=P(1+
100
R×t
)
Given:-
A = 2 P$$
t=10 years
R=?
Therefore,
2P=P(1+
100
10×R
)
2−1=
10
R
⇒R=10%
Step-by-step explanation:
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