Question

if a deposit becomes double after 10 years. what is the rate of interest ​

Answer 1

Answer:

Divide 72 by the interest rate, and it will give you the number of years it will take for your money to double…. ... Divide 72 by the interest rate, and it will give you the number of years it will take for your money to double…. 72/7.2=10… So with a rate of 7.2% your money will double in 10 years.