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At how much rate a sum becomes doubles in16 yr? 25/4 |
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Answer» Answer: find how many times will it be in 8 years . Suppose we have any sum of Money say 100. Question says sum becomes double in 16 years ie 100 will become (100+100)=200. Therefore it increases 100% in 16 YEAR Eg.If I deposite $100 in bank then according to question,I would get $200( $100 which i DEPOSITED and $100 extra as interest) . So if it INCREASE 100% in 16 year then in 8 years it would increase 50%. If i deposite $100 in 8 yrs I would get 50% extra on 100 ie (100+50=150). So 1.50 or One and half times is the answer for this problem . |
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