Neeta wants to invest her money in a
saving plan that will double her sum in
9 years. Find the % rate per annum on
this savings plan if it pays compound
interest.
(A) 5
(B) 9
(C) 6
(D) 7
Answers
Answered by
8
Answer:
9 is the correct answer
Answered by
2
Answer:
8
Step-by-step explanation:
Double your Money: The Rule of 72.
It's a formulae for doubling the amount by Compounding annually.
Interest rate x Time Taken = 72
R x 9=72
R=8.
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