Saved Bookmarks
| 1. |
At what rate of interest will a sum of money doubles itself in 20 years? |
Answer» ANSWER:Given: Time = 20 years Let p = X S.I. = 2X By formula, we KNOW: S.I. = PRT/100=> 2x = x × 20 × R/100 => R = 10%Rate of interest = 10%Hope it Helps!! :) |
|