A sum of money becomes eight times in 3 years, if the rate is compound – McqOptions

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1.	A sum of money becomes eight times in 3 years, if the rate is compounded annually. In how much time will the same amount at the same compound rate become sixteen times?
A.	6 years
B.	4 years
C.	8 years
D.	5 years
Answer» C. 8 years

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