Asked by Haroon Gondal
How long will it take for a sum of money to double itself at 10% simple interest?
Answers
Answered by
Henry
P = Po + Po*r*t = 2Po.
Po + Po*0.1*t = 2Po
Divide by Po:
1 + 0.1t = 2.
0.1t = 1.
t = 10 Years.
Po + Po*0.1*t = 2Po
Divide by Po:
1 + 0.1t = 2.
0.1t = 1.
t = 10 Years.
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