A sum of money placed at compound interest double itself in 4 years. In how many

Sail E0 Webinar

Question

A sum of money placed at compound interest double itself in 4 years. In how many years will it amount to four times itself ?

Options:

A . 12 years

B . 13 years

C . 8 years

D . 16 years

Answer: Option C

Submit Your Solution Below and Earn Points !

Next Question

Submit Solution

More Questions on This Topic :

Question 1. A money lender borrows money at 4% per annum and pays the interest at the end of the year. He lends it at 6% per annum c....a year. The amount of money be borrows, is ?

Question 2. The compound interest on Rs. 30000 at 7% per annum for a certain time is Rs. 4347. The times is = ?....

Question 3. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is = ?....

Question 4. A sum of Rs. 8000 will amount to Rs. 8820 in 2 years if the interest is calculated every year. The rate of compound inte....every year. The rate of compound interest is = ?

Question 5. The compound interest on a certain some of money for 2 years at 10% per annum is Rs 420. The simple interest on the same....same rate and for the same time will be ?

Question 6. A sum of money at compound interest amounts to thrice of itself in 3 years. In how many years it will be 9 times of itse....how many years it will be 9 times of itself?

Question 7. A father left a will of Rs. 16400 for his two sons aged 17 and 18 years. They must get equal amount when they are 20 yea....Find the present share of the younger son = ?

Question 8. A sum of money put at compound interest amounts in 2 years to Rs. 672 and in 3 years Rs. 714. The rate of interest per a....714. The rate of interest per annum is = ?

Question 9. A certain amount money at R% compounded annually after two and three years becomes Rs. 1440 and Rs. 1728 respectively, R....becomes Rs. 1440 and Rs. 1728 respectively, R% is ?

Question 10. The compound interest on a certain sum for 2 successive years are Rs. 225 and Rs. 238.50. The rate of interest per annum....238.50. The rate of interest per annum is = ?

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Chapter 3.1 : Overview of Finance & Accounts Department Chapter 3 : Finance & Accounts SAIL E0 - GFM 2024

Chapter 2.1 : Overview Chapter 2 : Materials Management SAIL E0 - GFM 2024

Chapter 1.1 : Personnel Functions- An overview Chapter 1 : Personnel Management SAIL E0 - GFM 2024

GPOE / GPA Combined 1 Free CBT Mock Test SAIL E0 2024

CBT Mixed Test 1 GPOE/GPA SAIL E0 2024