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

I need help with this please ​
is the supreme Court influenced by popular opinion
16. Make a Conjecture Complete the table. Then find the rates. distance ——— time time ——— distance a. Are the rates equivalent? Explain. b. Suppose you graph
Given m|n, find the value of x. (7x-7) (6x +11)
**NEED HELP** Nellie takes 4/5 hour to drive to a destination 60 miles away. How many miles per hour is Nellie going?
State what additional information is required in order to know that the triangles are congruent for the reason given. If possible, write the triangle congruence
The difference of two numbers is 5, and their sum is 17. What are the two numbers?
where would you click to see the list of microsoft word styles?
QUESTION 15 The advertising industry in our country has done an expert job in creating a sense of self control?
Analisis "Preciosidad" de clarice lispector por favor alguien urgente