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Q. At what rate of interest will a sum of money double itself in 16 1/2 years ( it's a mixed fraction)
Answers
Answered by
2
principal = X
time = 16 1/2 =33/2
rate of interest = ??
interest = X
rate of interest = 100 × X ×2 / 33 ×X = 100× 2 / 33 = 6.06 %
hope it helps
time = 16 1/2 =33/2
rate of interest = ??
interest = X
rate of interest = 100 × X ×2 / 33 ×X = 100× 2 / 33 = 6.06 %
hope it helps
Answered by
7
Answer:
6.06 is answer dear friend
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