Find how many years it will take the sum of 35000 to double when invested at 4% is compounded half yearly?
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P= x
A=2x
T= 6years
Step-by-step explanation:
SI= A-P
=2x- x
= x
SI=P*R*T/100
=x*r*6/100
R = 100/6
P = x
A = 4x
SI = 3x
SI = PRT/100
= x*100*T/ 6*100
= 18 years
18 YEARS
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