MCQs>Educational Subjects & Courses>Mathematics>Consider a bank where the principal increases at a continuous rate of 5% per year. How many years will it take to double the amount of Rs. 1000?
Mathematics MCQs
Consider a bank where the principal increases at a continuous rate of 5% per year. How many years will it take to double the amount of Rs. 1000?
Answer
Correct Answer: 20 loge2
Explanation:
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