in what time will a sum of money double itself at 15% per annum
Answers
Answered by
1
Step-by-step explanation:
srry don't know
but thank for the point
Answered by
1
Answer:
Step-by-step explanation:
Let the principal = Rs p
Amount = A = 2p
Time = T years
Rate of interest = r = 15%
A = p( 1+ Tr/100)
2pp (1+ T x 15 /100)
2p/p (100 + 15T )/100
200 = 100 + 15T
200 100 15T =
100 = 15T
100/15 = T
20/3 = T
Therefore,
Required time = T
= 6 2/3 years
Hope this helps you...
:)
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