Question

find the rate at which a sum of money will almost double itself in two years if the interest is compounded annually

Answer 1

let sum be rs. x Nd amount vl be rs.2x
time= 2 years
interest=A-P
=2x-x =rs.x
rate= 100× interest/principal× time
= 100×x / x × 2
= 50%

Answer 2

Answer:

I know it

Step-by-step explanation:let sum be rs. x Nd amount vl be rs.2x

time= 2 years

interest=A-P  

=2x-x =rs.x

rate= 100× interest/principal× time

= 100×x / x × 2  

= 50%

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