Mathematics · Compound Interest
A sum of money, invested at a certain rate of compound interest compounded annually, doubles in 3 years. In how many years will it become eight times its principal?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 16 years
- 224 years
- 327 years
- 49 years✓
Correct answer
9 years
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