compound interest doubles in 8years how much time taken for 4times
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Answered by
6
Answer:
Let the principle be 100.
Then amount will be 200.
Interest= 100
Time = 8 yrs
R=?
I=PRT/100
100=100*R*8/100
100*100/100*8=R
100/8=R
NOW SUM SHOULD BE 4 TIMES MEANS 400
MEANS INTREST ON 100 IS 300.
I=PRT/100
300=100*100/8*T/100
300*8/100=T
24= T
IN 24 YEARS SUM WILL BECOME 4 TIMES OF PRINCIPLE.
Answered by
4
Answer:
4 is the answer
hope it's help you
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