A sum of money place at compound interest doubles itself in 4 years. I – McqOptions

MCQOPTIONS

1.	A sum of money place at compound interest doubles itself in 4 years. In how many years will it amount to eight times itself?
A.	16
B.	8
C.	12
D.	20
Answer» D. 20

Discussion

No Comment Found

Related MCQs

What will be the difference between simple and compound interest at 10% per annum on a sum of Rs. 1000 after 4 years?
What will be the compound interest on Rs 25000 after 3 years at 12% Per annum?
What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a.?
What will be ratio of simple to compound interest on two same sums invested in SBP at rate of interest of 8% kept for 3 years?
What sum of money put at C.I amounts in 2 years to Rs.8820 and in 3 years to Rs.9261?
What is the principle amount which earns Rs.132 as compound interest for the second year at 10 % per annum?
What is the difference between the compound interest on Rs.12000 at 20% p.a. for one year when compounded yearly and half yearly?
What is the difference between the C.I. on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly?
What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest?
What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually?