In how many years will the benefit Janet receives from her work double given that she receives a ...
In how many years will the benefit Janet receives from her work double given that she receives a simple interest of 10% per annum on the initial agreed paid benefit.
Answer/Solution
10
Steps/Work
P = (P*10*R)/100
100P = P*10*R
100 = 10R
Therefore R = 10 Years
B = 10
100P = P*10*R
100 = 10R
Therefore R = 10 Years
B = 10