A of money double itself in 4 years compound interest- In how many years it will become eight times same rate of interest24 years16 years12 years18 years

Question

Toppr Admin · Accepted Answer

A-P-1-R100-T

A sum of money double itself in 4 years at compound interest. In how many years it will become eight times at same rate of interest
24 years
16 years
12 years
18 years

$A = P {(1 + \frac{R}{100})}^{T}$

A sum of money double itself in 4 years at compound interest. In how many years it will become eight times at same rate of interest24 years16 years12 years18 years

A=P(1+R100)T

A sum of money double itself in 4 years at compound interest. In how many years it will become eight times at same rate of interest
24 years
16 years
12 years
18 years

$A = P {(1 + \frac{R}{100})}^{T}$