calculate the amount due and the compound interest on rupees 40 40,000 for 2 years in the rate of interest successive years is 7% and 8% respectively
Answers
Answered by
0
Answer:
Step-by-step explanation:
In order to figure out number of years required to double your investment, divide 72 with the interest rate. In our case,interest rate is 10% so time required to double Rs5000 will be 7.2 years.
Similar questions
Hindi,
4 months ago
World Languages,
4 months ago
Social Sciences,
8 months ago
Social Sciences,
8 months ago
Social Sciences,
10 months ago
Math,
10 months ago