1.

Suppose a certain sum doubles in 2 year at r%rate of simple interest per annum and R% rate of interest per annum compounded annually. Then, (a) r<R (b) R<r (c) R=r (d) Cannot be determined

Answer»

Suppose a certain sum doubles in 2 year at r%rate of simple interest per annum and R% rate of interest per annum compounded annually.

Then,
(a) r<R
(b) R<r
(c) R=r
(d) Cannot be determined



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