in how many full years will a sum of money become more than double at the compound interest rate of 20% p.a.?
Answers
Answered by
15
HEY MATE HERE IS YOUR ANSWER,,,,,,,,,
let the principle be 100 rs
then amount will be 200 according to question
interst=principle-amount
=200-100
=100 rs
s.i. =p×r×t/100
=100×20×t/100
=20t
but,
20t=100
t=100/20
=5years.
let the principle be 100 rs
then amount will be 200 according to question
interst=principle-amount
=200-100
=100 rs
s.i. =p×r×t/100
=100×20×t/100
=20t
but,
20t=100
t=100/20
=5years.
Answered by
5
Answer:
p(1+r/100)n^
Step-by-step explanation:
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