A sum of ₹ 2400 deposited at CI, Double after 5 yr. After 20 yr it will become?

Question

Accepted Answer

2P = P (1 + R/100) 5 ⇒ 24 P = P(1 + R/100)20 ⇒ The amount becomes 24 times = 16 times and required amount = 2400 x 16 = ₹ 38400

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