Question

If a deposite becomes double after 10 years,what is the rate of interest?

Answer 1

➡️Dɪᴠɪᴅᴇ 72 ʙʏ ᴛʜᴇ ɪɴᴛᴇʀᴇsᴛ ʀᴀᴛᴇ, ᴀɴᴅ ɪᴛ ᴡɪʟʟ ɢɪᴠᴇ ʏᴏᴜ ᴛʜᴇ ɴᴜᴍʙᴇʀ ᴏғ ʏᴇᴀʀs ɪᴛ ᴡɪʟʟ ᴛᴀᴋᴇ ғᴏʀ ʏᴏᴜʀ ᴍᴏɴᴇʏ ᴛᴏ ᴅᴏᴜʙʟᴇ….

➡️72/7.2=10…

➡️Sᴏ ᴡɪᴛʜ ᴀ ʀᴀᴛᴇ ᴏғ 7.2% ʏᴏᴜʀ ᴍᴏɴᴇʏ ᴡɪʟʟ ᴅᴏᴜʙʟᴇ ɪɴ 10 ʏᴇᴀʀs.

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Answer 2

Step-by-step explanation:

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