A bank advertises that you can double the money

Asked by admin @ 13/08/2021 in Economy viewed by 582 People

A bank advertises that you can double the money if you invest it with them for 8 years, what is the rate of interest offered by them?4

Answered by admin @ 13/08/2021

Let the principal be .
T=8yrs
A=200
:.SI=A-P=200-=
Since R=(SI×100)/(P×T)
=(×)/(×8)
=/8
=12.5%
(ÆÑẞWĒR)

#Mærk ãß thē Bråìñlïêßt
Rëgārdß
Tèàm Káñçhâ

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