find how many years will it take the sum of Rs. 35000 to double when invested at 4% is compounded half yearly.
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Answer:
35000+4%+4%=37856 after 1 year
37856+4%+4%=40945 2 year
40945 =44286 3
44286=47899 4
47899=51808. 5
51808=56035. 6
56035=60608 7
60608=65554 8
65554=70000 8.10 months completed double amount
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