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

When renting a car it costs 35$ per day to rent the car plus $0.20 yo rent the car for one day and drove d miles at the end of the day you owe 72$ how far did y
Which factor does not affect the resistance of a material? A. thickness B. weight C. length D. temperature
Help please! How many significant figures are in the measurement 0.00440 grams? 6 5 3 2
How is blood pressure in the body affected by exercise?
The Code of Hammurabi was the a) first method of encoding communications during war. b) first formal theory of agriculture. c) first written set of laws. d) fir
writing sentences help?!?!
Both japan and indonesia are made up of a chain of islands called
Which amendment protects from the police searching the premises without a warrant or probabal cause?
After the Hellenistic civilization came to an end, A(its achievements were wiped away by Roman advancements. B(it affected European arts and culture for thousan
What is the "dia de los santos inocents?