Question

In how many years will a sum of moneydouble itself if rate is 6%

Answer 1

Answer:12years

Step-by-step explanation:

Answer 2

Hey mate here's the solution:-

$i = \frac{p \times r \times t}{100}$

A.T.Q:-

I = P

Therefore:-

$p = \frac{p \times r \times t}{100}$

=> r × t = 100

r = 6% (given)

=> 6 × t = 100

=> t = 16.66years