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If a sum of money doubles itself at compound interest in years, in how many years will it become four times?

  1. A
  2. B
  3. C
  4. D

Solution & Step-by-step Explanation

Under compound interest, a sum grows exponentially over equal intervals of time.
Let the initial principal be .

* In years, it becomes (doubles).
* In the next years, this amount will double again, becoming (four times).

Mathematically, if a sum becomes times in years, it will become times in years.
We want it to become times, and since , we have .

Practice this question

Try it yourself before checking the explanation above.

If a sum of money doubles itself at compound interest in years, in how many years will it become four times?
A
B
C
D

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