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a sum of money placed at compound interest becomes double in 5year in how many years it would 8times of itself at the same rate of itself |
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Answer» - 15Formula for this is n2= n1 ^(t2/t1)n= Number of timest= yearsn2=8 =2^3n1=2(DOUBLES)t2=? (we have to FIND)t1=5Applying this in formula2^3=2^(t2/5)………2 cancelled each other3=t2/5t2= 15(answer)Step-by-step explanation:I HOPE it's HELPFUL for you |
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