Question

The rate of simple interest a sum of money becomes double in 15 years ​

Answer 1

HeYa❤

Answer is n=100/r. Therefore n=100/7=14.28. So it will take 14.28 years to double my money at 7% simple interest rate. For compound interest, the formula is r=72/n, where r is the rate of interest and n is the number of years.

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Answer 2

Step-by-step explanation:

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