Mathematics · Compound Interest
In how many years will a sum of money double itself under a compound interest system at 4% per annum? (Given: log 2 = 0.30102, log 1.04 = 0.01703)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 118.50 years
- 217.67 years✓
- 319.33 years
- 420.00 years
Correct answer
17.67 years
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