Question

At what rate of percent compound interest does a sum of money become four times itself in 2 years

Answer 1

Answer:

Hola mate

Sorry I don't know the answer

I can't remember

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Answer 2

P(1+r/100)n=4p

(1+r/100)²=4

1+r/100=2 (taking square root)

r/100=1

r=100%