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October 21, 2014

October 21, 2014

Posted by **Simran** on Wednesday, January 9, 2013 at 11:55am.

In how many years will the money deposited in a bank double itself,if the rate of intrest 12 1/2% per annum?

- Math -
**Steve**, Wednesday, January 9, 2013 at 2:14pmif compound interest,

(1+.125)^x = 2

x = 5.88 years

6 years to obtain the interest.

- Math -
**Simran**, Wednesday, January 9, 2013 at 10:30pmBt its ans is 8year

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