A sum of money becomes five times of itself in 7 years at compound interest. In how many years will it becomes 625 times of itself ?
Answer & explanation
Correct answer: option 1
5 times in = 7 years
54 time in =7 × 4 years
625 times in = 28 years
A sum of money becomes five times of itself in 7 years at compound interest. In how many years will it becomes 625 times of itself ?
Correct answer: option 1
5 times in = 7 years
54 time in =7 × 4 years
625 times in = 28 years