Answer:
Step-by-step explanation:
Alright, let get started.
Suppose the initial deposit in account = x
After five years, this accounts get doubled means = 2x
Means in 5 years , the growth = ![2x-x = x](https://tex.z-dn.net/?f=2x-x%20%3D%20x)
So, in 1 year, the growth will be = ![\frac{x}{5}](https://tex.z-dn.net/?f=%5Cfrac%7Bx%7D%7B5%7D)
So, in 3 years, the growth will be = ![\frac{x}{5}*3=\frac{3x}{5}](https://tex.z-dn.net/?f=%5Cfrac%7Bx%7D%7B5%7D%2A3%3D%5Cfrac%7B3x%7D%7B5%7D)
So percent grwoth will be = ![\frac{\frac{3x}{5}}{x}*100 = 60](https://tex.z-dn.net/?f=%5Cfrac%7B%5Cfrac%7B3x%7D%7B5%7D%7D%7Bx%7D%2A100%20%3D%2060)
Hence percentage growth is 60 %. : Answer
Hope it will help :)