aaronspencer1 aaronspencer1
  • 04-02-2021
  • Mathematics
contestada

A sum of money is deposited at a bank at a rate of 12½ annum simple interest. In how many years would the deposited money be doubled

Respuesta :

harman79
harman79 harman79
  • 04-02-2021

Answer:

It would take 10 years for the given sum of money be doubled at the given simple interest rate.

Step-by-step explanation:

A 10% interest would be added to the the principal amount after each year. So  the interest would reach 100% i.e. equal to the principal amount in 10 years.

Answer Link

Otras preguntas

jelaskan yang di maksud dengan amdal
which two numbers add up to 7 and multiply to 6
Of all the people that attend movies 67% are in the 12-29 age group. At one theater, 300 people attended a showing of a certain movie. How many were in the 12-2
(hurry please!!) Read the excerpt, and then answer the question. Strange energy was in his voice, strange fire in his look. "I am glad I happened to
Which of the following values of x makes the inequality true? x + 35 < 83 A. 53 B. 48 C. 51 D. 49
introducing invasive species to an ecosystem results in an increase in biodiversity. true or false ?
do you think it is important for our country to remember the history of immigrant question why or why not?
What are the three elements found in a molecule of calcium carbonate? Give their atomic numbers and chemical symbols. How many atoms of each are found in one mo
Which equation is quadratic in form? 2(x + 5)2 + 8x + 5 + 6 = 0 x6 + 6x4 + 8 = 0 7x6 + 36x3 + 5 = 0 4x9 + 20x3 + 25 = 0
the doghouse shown has a floor,but no windows. find the total surface area of the doghouse, including the door