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At what rate percent per annum will a sum of money double in 6 years?

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At what rate percent per annum will a sum of money double in 6 years?
posted Aug 11 by Harshita Dhaliwal

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2 Answers

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ANSWER- if the interest is compouded annually at the rate of 12%(72/6)

answer Aug 12 by Gangadharan Kv
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Using the single interest formula
A =P(1+RT)
2S=S(1+r6)
Solving the equation, It gives r= 16,6%

answer Oct 6 by anonymous
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