Question

how long will it take for rs5000 to become double the amount at the interest rate 10%​

Answer 1

Answer:

7.2 years

Explaination:

Always remember the rule of 72.

In order to figure out number of years required to double your investment, divide 72 with the interest rate.

interest rate is 10% so time required to double Rs5000 will be 7.2 years.

HOPE THIS HELPS!!