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
Answer:B
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