In how much time will a certain sum be 1.5 times the principal at 10% per annum? Solve and answer..
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In 5 years it will be 1.5 times
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if every year it increases 10% then 50% more is needed for the principle to increase
so 50% = 5 years as 10% = 1 year
so 50% = 5 years as 10% = 1 year
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