Question
A sum of money doubles itself at the compound interest x
in 10 years. In how many years it will be four times at the same compound interest?Solution
ATQ, Given: Money doubles in 10 years at compound interest. We use the formula = 2 = (1+r) ¹⁰ Now, we need to find when the money becomes 4 times 4=(1+r)ᵗ Since 4 = 2², we substitute 2 = (1+r) ¹⁰ :- 4=(1+r) ²⁰ So, t = 20 years. Hence, the money will become 4 times in 20 years.
Dry ice is:
According to the Code on Industrial Relation 2020 the term “Wage” Includes?
I. Basic pay
II. ...
What is the provision for lay-offs, retrenchment, and closure without government permission in the new industrial relation code?
The convention of Prudence when applied to the balance sheet results
In the year 2022-23, which state in India has received the highest number of Geographical Indication (GI) tags?
Who was the chief proponent of Vishishtadvaita subschool of Vedanta?
Who resisted the new system of taxation against the exploitative forces?
A shopkeeper sells glasses at the rate of Rs. 40 each and earns a commission of 18%. He also sells vases at the rate of Rs. 80 each and earns a commiss...
Match List-I (Author) with List-II (Book) and select the correct answer using the codes given below the Lists:
Match List-I with List-II:
Choose the correct answer:
Relevant for Exams:
