Question

In how many years will rs 15000 will be doubled at the rate of 12.5 p.c.p.a.

Answer 1

15000 double at rate 12.5% is after years

Answer 2

Answer:

5.8

Step-by-step explanation:

Step-by-step explanation:

Principal = Rs.15000

Amount gets doubled

Amount = Rs.30000

Rate of interest =12\frac{1}{2} = 12.5\%12

2

1

=12.5%

Formula : A = P(1+r)^t

30000 =15000(1+\frac{12.5}{100})^t

2=(1+\frac{12.5}{100})^t

t=5.8

Hence It will take 5.8 years to double at the rate of 12 1/2 p. c. p. a