in how many years will a sum of money double itself at 10% per interest
Answers
Answered by
5
Hey, sup!
I am assuming that we are calculating simple interest here,
So as per the question,
10% increase in =1 year
So 1% increase in =1/10year.
So 100% increase =1/10 ×100=10.
So 100% increase in 10 years.
A sum of money will double itself in 10 years at 10% interest.
Hope it helps.
I am assuming that we are calculating simple interest here,
So as per the question,
10% increase in =1 year
So 1% increase in =1/10year.
So 100% increase =1/10 ×100=10.
So 100% increase in 10 years.
A sum of money will double itself in 10 years at 10% interest.
Hope it helps.
Answered by
1
I am shortly giving ans =10 years.
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