Question

Calculate the annual rate of interest at which the amount deposited becomes double over the period of 20 yrs.​

Answer 1

Step-by-step explanation:

$\huge \underline \mathbb {SOLUTION:-}$

Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods.

Answer 2

Step-by-step explanation:

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