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sassupreme
Can anyone explain this please!
Hi, I am trying to open the ques jpeg but pressing on it just makes my screen go black and then nothing happens.
Can anyone help?
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PTRIV
Hi, I am trying to open the ques jpeg but pressing on it just makes my screen go black and then nothing happens. Can anyone help?
For me it’s working absolutely fine. Maybe, you are trying it from your mobile device.
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For me it’s working absolutely fine. Maybe, you are trying it from your mobile device.
Yes..that I am...
K thanks..will try it on the laptop later.
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Yes..that I am... K thanks..will try it on the laptop later.
Sure! Pls try doing it from the laptop. It will work.
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An investment of $1,500 was made in a certain bank account and it earned interest that was compounded annually; the annual interest rate was fixed for the entire duration of the investment. If after 12 years the $1,500 increased to $24,000 by earning interest, in how many years after the initial investment was made would the $1,500 have increased to $96,000 by earning interest at the same rate?

The solution is 18, but I got there 15, because: From 1500 to 24000 is 16 Times=12 Years

From 24000 to 96000 is 4 Times=3 Years (12/4)

3+12=15

how is this 18?
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why double 3

then it would have to be doubled another 3 times?
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An investment of $1,500 was made in a certain bank account and it earned interest that was compounded annually; the annual interest rate was fixed for the entire duration of the investment. If after 12 years the $1,500 increased to $24,000 by earning interest, in how many years after the initial investment was made would the $1,500 have increased to $96,000 by earning interest at the same rate?
Investment doubles after every 3 years. So, after 15 years it’s 48,000. And after 18 years it’s 96,000.
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sorry, I am loosing you.. I don’t quite understand where it stands that the investment doubles after every 3 years
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24,000 is 16 times 1500.
So, investment doubled 4 times during 12 years.
Starting with 1500 then 3000…..12,000 doubled to 24,0000.. If the investment doubled 4 times during 12 years, we can say it doubles every 3 years..I hope you got it.
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Mishka_123456
An investment of $1,500 was made in a certain bank account and it earned interest that was compounded annually; the annual interest rate was fixed for the entire duration of the investment. If after 12 years the $1,500 increased to $24,000 by earning interest, in how many years after the initial investment was made would the $1,500 have increased to $96,000 by earning interest at the same rate?
24000/1500= 16. So, first investment is 16 times in 12 yrs. And, if 96000/24000=6. So, here second one will be 6 times in 18 yrs. It’s simple clear cut maths.
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poojaarora1818
24000/1500= 16. So, first investment is 16 times in 12 yrs. And, if 96000/24000=6. So, here second one will be 6 times in 18 yrs. It’s simple clear cut maths.
96,000/24,000=6?
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SATYAM7777
96,000/24,000=6?
Oh sorry! It’s 4 not 6.

SATYAM7777, I go with your explanation. Thanks for the correction.
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SATYAM7777
24,000 is 16 times 1500. So, investment doubled 4 times during 12 years. Starting with 1500 then 3000…..12,000 doubled to 24,0000.. If the investment doubled 4 times during 12 years, we can say it doubles every 3 years..I hope you got it.
ah Okay thank you very much!
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