A sum of money placed at compound interest doubles itself in 4 years. It will amount to eight times in how many years?
A sum of money placed at compound interest doubles itself in 4 years. It will amount to eight times in how many years?
Option 1 - <p>10 years</p>
Option 2 - <p>16 years</p>
Option 3 - <p>12 years</p>
Option 4 - <p>8 years</p>
1 Views|Posted 7 months ago
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Answered by
7 months ago
Correct Option - 3
Detailed Solution:
(c):Double in 4 years, four times in 8 years, eight times in 12 years.
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