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By Compound Interest Mathematics Mcqs No Comments

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

Explanation:

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100 —- 200 —- 4
400 —- 4
800 —- 4
——
12 years

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