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Maths Puzzle
In how many years will a sum of money become double at rate 10% compounded anually
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- let amount be x
given,
2*x=x(1+10/100)^n
or 2=(11/10)^n
or log2=nlog(11/10)
or log2=n(log11-log10)
or n=log2/(log11-1) - 11 years agoHelpfull: Yes(0) No(0)
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