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# No. of year to double an amount with 8% compound interest rate.post ans with the explanation?

## A formula for calculating annual compound interest is

A = P (1 + r/n)^nt

Where,

A = final amount
P = principal amount (initial investment)
r = annual nominal interest rate (as a decimal, not in percentage)
n = number of times the interest is compounded per year
t = number of years

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