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

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

Compute the binomial expansion for (1+x)^5

Which expression could be used to determine the product of -4 and 3 A. (-4)(3) × (-4) 1/4 B. (-4)(3)+(-4) 1/4 C. (3)(-4)x(3) 1/4 D. (3)(-4)+(3)(1/4) An

The altitude (i.e., height) of a triangle is increasing at a rate of 1.5 cm/minute while the area of the triangle is increasing at a rate of 4.5 square cm/minut

In cap-and-trade system, countries can buy and sell vehicles. businesses. fertilizer. pollution credits.

You are in downtown Chicago (where streets run N-S and E-W). You started from 600 N. Michigan Avenue, and walked 3 blocks toward north, 4 blocks toward west, an

A stunt driver wants to make his car jump over 8 cars parked side by side below a horizontal ramp. The vertical height of the ramp is 1.5m above the cars and th

The top of a ladder slides down a vertical wall at a rate of 0.675 m/s. At the moment when the bottom of the ladder is 6 m from the wall, it slides away from th

Determine the inductive reactance for a 50 mH inductor that is across a 15 volt, 400 Hz source.

what is -2x+5y=-6; -7x-2y=57

What are some gender stereotypes