Question

At what rate of interest will a sum of double itself in 16 2/3 years

Answer 1

Answer:

1666 2/3

Step-by-step explanation:

let sum be 100

sum doubled in 1 year means 2*100=200

Amount=sum+interest

interest=Amount-sum

interest=200-100

            =100 means we are getting 100% interest for every year

100 % for 1 year

1666 2/3 % for 16 2/3 years