A sum of money becomes four times of itself in 7 years at compound interest. In how many years will it becomes 256 times of itself ?
Answer & explanation
Correct answer: option 3
4 times in = 7 years
44 time in =7 × 4 years
256 times in = 28 years
A sum of money becomes four times of itself in 7 years at compound interest. In how many years will it becomes 256 times of itself ?
Correct answer: option 3
4 times in = 7 years
44 time in =7 × 4 years
256 times in = 28 years