Question

the least number of complete yeArs in which sum of money put out at 10% ci will be more than doubled as​

Answer 1

Answer:

P(1+

100

20

)

n

>2P⇒(

5

6

)

n

>2.

Now, (

5

6

×

5

6

×

5

6

×

5

6

)>2.

So, n=4 years.