When the interest is compounded continuously, the amount of money invested increases at a rate proportional to its size. If Rs.200 is invested at 20% compounded continuously, in how many years will the original investment double itself

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SHAIK AASIF AHAMED · Answer

Hello student, From the formula of compound interest we have A=p(1+r/100) n 400=200(1+20/100) n 2=(1.2) n we get n=3.8 years thanks and Regards Shaik Aasif askIITians faculty

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When the interest is compounded continuously, the amount of money invested increases at a rate proportional to its size. If Rs.200 is invested at 20% compounded continuously, in how many years will the original investment double itself

When the interest is compounded continuously, the amount of money invested increases at a rate proportional to its size. If Rs.200 is invested at 20% compounded continuously, in how many years will the original investment double itself

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When the interest is compounded continuously, the amount of money invested increases at a rate proportional to its size. If Rs.200 is invested at 20% compounded continuously, in how many years will the original investment double itself

When the interest is compounded continuously, the amount of money invested increases at a rate proportional to its size. If Rs.200 is invested at 20% compounded continuously, in how many years will the original investment double itself

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