Seudónimo Seudónimo

10-01-2022
Mathematics

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50 point please answer correctly
at what rate percent annum will a sum of money doubles itself at 5% per annum

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jerin212223 jerin212223

16-01-2022

Answer: According to the question, SI must be equal to 2 × P in order to make the final sum two times the original principal amount after 5 year. Required rate of interest is of 20%.

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