Question

Suppose a certain sum doubles in 2 years at r % rate of simple
interest per annum or at R % rate of interest per annum
compounded annually. Then
a. r<R
b.R<r
c. R=r
d. can't be decided​

Answer 1

Answer:

R=r

Step-by-step explanation:

simple=compound interest

Answer 2

Answer:

r<R

step by step explanation

simple interest < compound interest