find the rate at which a sum of money will almost double itself in two years if the interest is compounded annually
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Answered by
30
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%
time= 2 years
interest=A-P
=2x-x =rs.x
rate= 100× interest/principal× time
= 100×x / x × 2
= 50%
Answered by
14
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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