In how many years will sum of money double itself at 12% per annum?
Answers
Answered by
1
2years is ur answerjn..
Answered by
1
Answer:
8years,4months
Step-by-step explanation:
interest and the principal amount is equal here. Bcoz the money gets doubled if half the doubled amount will be the principal amount then the remaining amount will be its interest
S.I = P = PTR/100
---> T = 100/R
T= 100/12
= 8.33
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