If a certain sum of money invested at a certain rate of compound interest doubles in 6 years. In how many years will it become 8 times?
18 years.
15 years.
14 years.
13 years.
Explanation:
Since, 2323 = 8.
Therefore, The amount will become 8 times in 3 x 6 = 18 years.
Since, 2323 = 8.
Therefore, The amount will become 8 times in 3 x 6 = 18 years.