Home

Solve any problem
(step by step solutions)
Input table (Matrix, Statistics)
Mode :
SolutionHelp
Solution
At what rate percent per annum will sum of money double in 8 years?

Solution:
Your problem `->` At what rate percent per annum will sum of money double in 8 years?


Let, Sum = `X`, Time = `8` years and Amount = `2X`.

`:. SI = X. `

`SI = (P*R*N)/100`

`R = (SI * 100)/(P * N) = (X * 100)/( X * 8 ) = 25/2` %

`:.` sum of money double at `25/2` % in `8` years.






Solution provided by AtoZmath.com
Any wrong solution, solution improvement, feedback then Submit Here
Want to know about AtoZmath.com and me
  
 

Share with your friends, if solutions are helpful to you.
 
Copyright © 2019. All rights reserved. Terms, Privacy