Accountancy, asked by shifyjudsons, 3 months ago

if an amount x is invested, at an interest rate of 5% compounded annually, in how many does the invested amount double itself

Answers

Answered by amangarnayak04

8

Answer:

For example, at 5% annual interest, it would take 20 years to double your money (100 / 5 = 20).

Explanation:

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