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A sum of money placed at compound interest doubles itself in years. In how many years would it be times of itself at the same rate of interest?

  1. A
    10 years
  2. B
    15 years
  3. C
    20 years
  4. D
    7 years

Solution & Step-by-step Explanation

Under compound interest, if a sum becomes times () in years, then it increases exponentially by powers of :
* Becomes times in years.
* Becomes times in years.
* Becomes times in years.

Thus, it will become times itself in years.

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Try it yourself before checking the explanation above.

A sum of money placed at compound interest doubles itself in years. In how many years would it be times of itself at the same rate of interest?
A
10 years
B
15 years
C
20 years
D
7 years

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