Question

in how many years will the money deposited in the bank double itself if the rate of interest is 5% per annum​

Answer 1

Answer:

Just take 72 and divide it with any per annum rate and your total deposit will double as per the outcome of that mathematical division. That is, in this case, we take 72/12.5 and the outcome is 5.76. Hence, it takes approximately 5.76 years for your total deposit to double.

Step-by-step explanation:

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