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 -
10 years
Option 2 -
16 years
Option 3 -
12 years
Option 4 -
8 years
Asked by Shiksha User
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1 Answer
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Correct Option - 3
Detailed Solution:(c):Double in 4 years, four times in 8 years, eight times in 12 years.
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