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DevAnsh Bhardwaj

· started a discussion

· 1 Months ago

dd (Question:35776.0)

it is saying that sum of money doble itself so its principle b x and interest be 2x

Question:
In how many years will a sum of money double itself at 12% per annum?
Options:
A) 8 years. 4 months.
B) 6 years. 10 months.
C) 6 years. 9 months.
D) 7 years. 6 months.
E) None of these.
Solution:

Ans (c)


= 8.33 = 8 years and 4 months

Knowledge Expert

· commented

· 1 Months ago

Dear Student
Sum of money is being doubled, which means If Principle is X then interest being earned is also X.

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