Question

sum of money gets doubled in 5 years. How many times it will be in 20 years ? Take sum be Rs.

12000​

Answer 1

Answer:

Let sum = x. Then, S.l. = x.

∴ Time =

Sum×Rate

100×S.I.

=(

x×4

100×x

)years = 25 years

Step-by-step explanation:

Mark as brilliant

Answer 2

Answer:

I hope it is correct the answer

Step-by-step explanation:

In order to get Rs. 24000 within five years for an amount of Rs. 12000, the rate of interest should be 14.10 % p.a. Nowadays, no banks are providing that much interest.

Let us take into account the interest at 14.10% p.a.

The maturity value after twenty years will be Rs. 191779.00