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