Respuesta :
Sure it does.
For example U have let out $10,000 at the rate of 10% p.a
Then ur interest for the One year will b = 10,000*10/100*1
= $1000 p.a
If you double the time to Two years = 10,000*10/100*2
then your interest will b
=$2000 p.a
So its double.
For example U have let out $10,000 at the rate of 10% p.a
Then ur interest for the One year will b = 10,000*10/100*1
= $1000 p.a
If you double the time to Two years = 10,000*10/100*2
then your interest will b
=$2000 p.a
So its double.