find the rate at which a sum of money will double itself in 3 years if the interest is compounded annually
Answers
Answered by
0
A=P(1+r/100)ñ=2p
now,(1+r/100)3=2
so,1+r/100=2⅓=1.26
r=26%
now,(1+r/100)3=2
so,1+r/100=2⅓=1.26
r=26%
Similar questions