Table of Contents
- 1 How much a sum becomes double in 16 years?
- 2 How many years will it take to double a sum of money at 5\% interest compounded annually?
- 3 At what rate per cent will a sum become double of itself in 7 years at simple interest?
- 4 At what rate of simple interest will a sum of money double itself in 20 years?
- 5 How many years to the nearest year will it take a sum of money to double if it is invested at 15\% compounded annually?
- 6 At what rate percent per annum simple interest will a sum double itself in 16 years?
- 7 How many years does the sum double at compound interest?
- 8 How many times does the sum increase in 8 years?
- 9 What is the rate of interest on sum doubled in 16 years?
How much a sum becomes double in 16 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.
How many years will it take to double a sum of money at 5\% interest compounded annually?
For example, at 5\% annual interest, it would take 20 years to double your money (100 / 5 = 20).
At what rate per cent will a sum become double of itself in 7 years at simple interest?
721\%
How do you double 4?
To multiply by 2. To have 2 of something. Example: Double 4 is 8.
At what rate of simple interest a certain sum will be double in 15 years?
6.66 \% per year.
At what rate of simple interest will a sum of money double itself in 20 years?
Answer Expert Verified At 5\% simple interest, a sum of money doubles itself in 20 years.
How many years to the nearest year will it take a sum of money to double if it is invested at 15\% compounded annually?
15 = 4.62 years.
At what rate percent per annum simple interest will a sum double itself in 16 years?
The money doubles itself, it means 100\% money is added. So the simple interest is 6.25\% per year. Hope it helps.
At what rate percent per year will a sum of money double itself in 10 years?
10\%
As we know the simple interest means principle amount subtracted from final amount i.e. Hence the required rate in which the sum becomes double itself in 10 years is 10\%.
How much does a sum of money double itself in 4 years?
A sum of money double itself in 4 years at compound interest. In how many years it will become eight times at same rate of interest >> A sum of money double itsel… A sum of money double itself in 4 years at compound interest. In how many years it will become eight times at same rate of interest
How many years does the sum double at compound interest?
A sum doubles in 8 years at compound interest. In how many years will the sum become 4 times the original sum if the interest is compounded annually? if time is constant then , the ratio of principal and amount is always constant in compound interest .
How many times does the sum increase in 8 years?
Because in 16 years, the sum doubles. Which means a 100℅ increase. So in 8 years i.e. in half the time it will increase 50℅. Hence 1.5 times.
What is the rate of interest on sum doubled in 16 years?
If you calculate the rate of interest on sum being doubled in 16 years, it comes to 6.25 \%. Now if you calculate with this interest rate i.e. 6.25 \% for 8 years, you will get that the amount becomes one and half times of itself. The answer will depend whether the sum is increasing linearly or compoundly.
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