Question

In how many years a sum of money will be double itself at the rate of 4% per annum?

Answer 1

Answer:

25 Years

Step-by-step explanation:

Let sum = x

Then, amount = 2x

∴ S.l.=x

∴ Time =

Sum×Rate/

100×S.I.

x×4/100×x )years = 25 years