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) at what rate percent per annum will a sum of money double itself in 10 years ? (2 marks)

) at what rate percent per annum will a sum of money double itself in 10 years ? (2 marks)
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15 votes
) at what rate percent per annum will a sum of money double itself in 10 years ? (2 marks)

User EfrainReyes
by
7.9k points

1 Answer

6 votes

Answer:

7.177%

Explanation:

2 is double

2 =( 1 + i)^10 solve for i = 7.177%

User William Leader
by
7.7k points
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