Asked by Simran

Plz help me to solve
In how many years will the money deposited in a bank double itself,if the rate of intrest 12 1/2% per annum?

12 years ago

Answered by Steve

if compound interest,

(1+.125)^x = 2
x = 5.88 years

6 years to obtain the interest.

12 years ago

Answered by Simran

Bt its ans is 8year

12 years ago

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