a sum of (show calculations) bo with a compound interest rate of 11%? How long will...

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Answer 1

Answer #1

1. The formula for simple Interest is S= P+P*R*T, S= value after doubling, p= principal, r= rate of interest, t= time period. Let amount invested is $100, therefore
200= 100+100*11%*T
T= 9.09 years i.e. approximatelt 9 years

Answer 2

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