Math, asked by sarikaahinde7000, 1 month ago

How many y ear will be required to double the principal amount of rs. 5000 by simple interest at the rate of p.c.pa.​

Answers

Answered by samruddhishitole4546
0

Step-by-step explanation:

Assuming annually compounding interest, money will double at 10% in:

2=(1+.1)^y where y is the amount of time in years.

So:

2=(1.1)^y

log 2=log 1.1^y

=y log l.1

y=log 2/ log 1.1

=7.27254 years .

Hope it helps !!!

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