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

Hello sorry about this questions but today I had a lot of homework and I need to study for my test that’s coming up tomorrow. So I didn’t have time to do my Spa

What would you expect to have happened to the spread between yields on commercial paper and Treasury bills immediately after September 11, 2001? A. No change,

In a lever, the effort arm is two times as long as the load arm. The resultant force will be A) half the applied force B) twice the applied force C) four tim

A website sells illegal and counterfeited materials. According to which law can the US Attorney General seek a court order to request service providers to block

In its 2019 budget, a city authorized expenditures of $40,000 for replacing police patrolmen's uniforms with more modern, functional uniforms. What five expendi

4 more than the product of 8 with the difference between a number and 6

Which of the following statements is CORRECT? a. The present value of a 3-year, $150 annuity due will exceed the present value of a 3-year, $150 ordinary annuit

How did the first Native Americans arrive in Georgia?

When a person has a comparative advantage in producing a good or service, the person has A. a higher opportunity cost in producing that product than someone els

How many states of matter do you think are in the photo? Describe at least two.