In how many years will rs 15000 will be doubled at the rate of 12.5 p.c.p.a.
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Answered by
8
15000 double at rate 12.5% is after years
Answered by
0
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
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