Question

If a bank account doubles in size every 5 years, then by what percent does it grow after only 3 years?

Answer 1

1.516

Explanation:

A Person Places Rs 500 in a Accout that is intrest compounded continuously Assuming no additional deposits or withdrawals, How much will be in the Account After seven years If the interest rate is Constant 8.5 percent for the first four year and a constant 9.25 percent for the last three years. So you get The percent 1.516