Question

IN HOW MUCH TIME will rs.10000 DOUBLE ITSELF IF THE RATE OF INTEREST IS 10 %

Answer 1

Answer:

How the Rule of 72 Works. For example, the Rule of 72 states that $1 invested at an annual fixed interest rate of 10% would take 7.2 years ((72/10) = 7.2) to grow to $2. In reality, a 10% investment will take 7.3 years to double ((1.107.3 = 2). The Rule of 72 is reasonably accurate for low rates of return

Answer 2

Step-by-step explanation:

Let the sum be 100.

100 +( 100 × N x 10/100) = 200, where N is the period in years.

100 + 10 N = 200.

10 N = 100.

N = 10 .

Sum doubles in 10 years