A sum of Rs.5000 at CI becomes double in 5 years. In 20 years it will beMarks : 2Negative Marks : 0Answer hereRs.100000Rs.80000Rs.50000Rs.20000ClearPrevNext
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Solution 1
The given problem states that a sum of Rs.5000 becomes double in 5 years with compound interest. This means that in 5 years, the amount becomes Rs.10000.
Compound interest is calculated by continuously multiplying the initial principal amount by one plus the annual interest rate (divided by the num Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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