A sum of money doubles itself in 3 years at CI, when the interest is c – McqOptions

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1.	A sum of money doubles itself in 3 years at CI, when the interest is compounded annually. In how many years will it amount to 16 times of itself?
A.	6 years
B.	8 years
C.	12 years
D.	16 years
Answer» D. 16 years

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