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A certain sum of money lent at a certain rate of compound interest grows to 1.44 times its value in 2 years. If the same sum is lent at simple interest at the same rate, in how many years would it double itself?
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- 5 years with simple interest @ 20% per annum
- 13 years agoHelpfull: Yes(2) No(0)
- 10 years ........the rate of interest is 20% /annum.
- 13 years agoHelpfull: Yes(1) No(4)
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