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

When MgCO3(s) is strongly heated, it produces solid MgO as gaseous CO2 is driven off.Does the oxidation number of carbon change upon the formation of CO2?
How would you define psychological realism?
I just need the equation on how to do it. I'm so lost :'( help please!!!!!!
I just need the equation on how to do it. I'm so lost :'( help please!!!!!!
which of the following expressions does not equal: the sixth root of 81x^4y^8 a. (3xy^2)^2/3 b. (3x)^2/3y^4/3 c. (3x^2y^4)^1/3 d. cube root of 9x^2y^4
If 52 x equals 7800 y what does 1 x equal? What is the maths equation?
Compute the odds in favor of rolling a sum of 10 in a single roll of two fair dice
I just need the equation on how to do it. I'm so lost :'( help please!!!!!!
write an equation that is perpendicular to the line y = 2x + 13?
Consider two linear transformations y = T(x) and z = L(y), where T goes from R^m to R^p and L goes from R^p to R^n. Is the transformationz = L(T(x)) linear as w