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In a bank, principal increases continuou...

In a bank, principal increases continuously at the rate of r% per year.Find the value of r if Rs 100 double itself in 10 years `(log_(e)2 = 0.6931)`.

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The correct Answer is:
`6.93%`
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In a bank, principal increases continuously at the rate of 5% per year.In how many years Rs 1000 double itself?

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Knowledge Check

  • The population of a city increases at the rate 3% per year. If at time t the population of city is p, then find equation of p in time t.

    A
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    B
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    D
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