A sum of money doubles itself in 4 years at compound interest. It will amount to 8 times to itself at the same rate of interest in time

A sum of money doubles itself in 4 years at compound interest. It will

1.	A sum of money doubles itself in 4 years at compound interest. It will amount to 8 times to itself at the same rate of interest in time
A.	12 years
B.	16 years
C.	18 years
D.	24 years
Answer» B. 16 years

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A sum of money doubles itself in 4 years at compound interest. It will amount to 8 times to itself at the same rate of interest in time

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