ICSE Class 10 Answered
Find the rate at which a sum of money will double itself in 3 years ,if the interest is compounded annualy.
Asked by V H ANAHAT SRIHARI | 29 Mar, 2012, 06:54: AM
Expert Answer
A = P[1+r/100]n = 2P
Now , [1 + r/100]3 = 2
so 1+r/100 = 21/3 = 1.26 ,
r = 26%
Answered by | 29 Mar, 2012, 06:02: PM
ICSE 10 - Maths
Asked by jesnamariaroy2626 | 10 Mar, 2024, 11:28: AM
ANSWERED BY EXPERTICSE 10 - Maths
Asked by yesrajput12345 | 26 Dec, 2022, 08:26: AM
ANSWERED BY EXPERTICSE 10 - Maths
Asked by elainexavier103 | 22 Aug, 2019, 06:11: PM
ANSWERED BY EXPERT
