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Q.

A sum of money doubles itself a compound interest in 8 years. In how many years will it become eight times

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a

24

b

10

c

20

d

30

answer is B.

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Detailed Solution

Solution:x8y2x8y4x8y8x

Sun  will  beeighttimes  in  24  years

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A sum of money doubles itself a compound interest in 8 years. In how many years will it become eight times