how many years will it take for my money to double itself at 8% per annum?
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hello thanks for asking me this question
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In how many years will money double itself at 12% per annum?
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6 ANSWERS

Sateesh Kumar, former Business Owner
Updated Oct 17 2017 · Author has 255 answers and 129.1k answer views
Hi,
Please find the details
Tried For: Returns Time
Input:
Amount = 10000
Interest (per year) = 12%
Results:
Amount doubles in 6.10 Years
Amount triple in 9.50 Years
#enjoying _using_brainly.com
__________________
ok
In how many years will money double itself at 12% per annum?
Still have a question? Ask your own!
What is your question?
Ad by TransferWise
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Get the real exchange rate, with no hidden fees. Join over 2 million customers today and save money.
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6 ANSWERS

Sateesh Kumar, former Business Owner
Updated Oct 17 2017 · Author has 255 answers and 129.1k answer views
Hi,
Please find the details
Tried For: Returns Time
Input:
Amount = 10000
Interest (per year) = 12%
Results:
Amount doubles in 6.10 Years
Amount triple in 9.50 Years
#enjoying _using_brainly.com
Answered by
1
Let
money be M
and time be T
now
M(principle)+(M×R×T÷100)=2M
M[1+RT/100]=2M
(100+RT)/100=2
100+8T=200
8T=100
T=1.25 years
money be M
and time be T
now
M(principle)+(M×R×T÷100)=2M
M[1+RT/100]=2M
(100+RT)/100=2
100+8T=200
8T=100
T=1.25 years
Basheerahmed254999:
thanks brother
please select my answer as brainlest answer
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