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14. Compound Interest
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Q16 of 89 Page 14

Find the rate at which a sum of money will double itself in 3 years, if the interest is compounded annually.

Given,


Time = 3 years


Let rate = R %


Let principal = P


So, amount becomes = 2P


A =


=


=


=


Rate = 25.99%


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Questions · 89
14. Compound Interest
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