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

What is a synonym for sensory language?A.simileB.fluencyC.metaphorD.imagery im thinkin D?
A particle travels in a circle of radius 82 cm and with a centripetal acceleration of 4.7 m/s2. How long does the particle take to complete one revolution?
What is a synonym for sensory language?A.simileB.fluencyC.metaphorD.imagery im thinkin D?
A movie starts at 7:00 pm and lasts 108 minutes. What time does the movie end?
find the point on the y-axis that is equidistant from (6,1) (-2,-3)
Find 4 consecutive even integers where the product of the two smaller numbers is 72 less than the product of the two larger numbers?
find the point on the y-axis that is equidistant from (6,1) (-2,-3)
'for a good cause if you are determined you are able to overcome any obstacle'. explain
The statement, "right angles measure 90 degrees," is an example of: A postulate A definition A theorem A conjecture
where will you find maximum rate of evaporation - ocean, pond or an aquarium? Give reason to support your answer.