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

Please answer Correctly for brainly
Pls help, pls just only tell me how to solve
Felipe drives his car at a velocity of 28 m/s. He applies the break, which slows the vehicle down at a rate of 6.4 m/s ^2 and causes it to slow to a stop. How l
Graph the slow intercept equation: y=2/3x-2
what is the width of a rectangle with length 14 cm and area 161cm squared 2
Which measurement would be likely to be written in scientific notation the thickness of a dog hair , the radius of a period on this page, the ounces in a cup of
Sleep deprivation is a serious problem in America, especially for people your age. The downside to sleep deprivation for you is lower grades, poor school and wo
Question 3 What is the value of the expression?   4!(7 – 4)! A.) 5040 B.) 479,001,600 C.) 120,384 D.) 144
why are the intestines the largest parts of the alimentary canal?
The associative property changes the ____ of three addends or factors.