Math, asked by divyanshuanand103, 2 months ago

In what time will a sum of money double itself at 8% p.a.

Answers

Answered by vishalbanjare14

0

Step-by-step explanation:

10 years.

Let the principal be x

So, Amount = Double of principal = 2x

Rate of interest = 8%

Formula : A = P(1 + r)t

2x = x(1 + 0.08)

2 = (1 + 0.08)¹

t = 9.006

t~ 10

So, a sum of money double itself at 8% p.a in 10 years.

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