Practicing Success
Practicing Success
CUET Preparation Today
A sum of money at compound interest doubles itself in 15 years. It will become eight times of itself in |
45 years 48 years 54 years 60 years |
45 years |
With compound interest , in 15 years A : P = 2 : 1 After n years with same rate , A : P = 8 : 1 = 2³ : 1 So , number of years i.e. n = 15 × 3 = 45 years The correct answer is option (1) : 45 years |
