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What time will be required for a sum of money to double itself at 10% simple interest. |
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Answer» Give total of cash a chance to be 100 sum = 2 × 100 = 200 STRAIGHTFORWARD premium = 200 - 100 = 100 time = si × 100/important × rate 100 × 100/100 × 10. In 10 years, a total of cash DUPLICATES itself at 10% for every ANNUM BASIC premium |
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