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20-09-2021
Mathematics

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A sum of money doubles itself in 16 2 years at certain rate of simple interest. How long will it take to double itself at the same rate of compound interest.

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taizyaburtonp0xe1u taizyaburtonp0xe1u

20-09-2021

Answer:

r=40% or .4

Step-by-step explanation:

32=16(1+r)^2

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