Q2Multiple choice
Suppose a certain sum doubles in 2 years at r % rate of simple interest per annum or at R % rate of interest per annum compounded annually. We have
- (a)r < R
- (b)R < r
- (c)R = r
- (d)can’t be decided
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(b) R < r
Suppose a certain sum doubles in 2 years at r % rate of simple interest per annum or at R % rate of interest per annum compounded annually. We have
(b) R < r