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In a bank, principal increases continuously at the rate of 5% per year. In how many years Rs 1000 double itself? |
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Answer» `(dp)/(dt)=5/100P` `int_1000^2000 (dp)/p=int_0^t(dt)/20` `ln|2000|-ln|1000|=t/20` `ln|2|=t/20` `t=20ln|2| years` |
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