A sum of money becomes eight times in 3 years - if the rate is compounded annually. In how much time will the same amount at the same compound rate become sixteen times?

🎲 Try a Random Question  |  Total Questions in Quiz: 115  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
Compound Interest — practice the complete quiz, review flashcards, or try a random question.


A sum of money becomes eight times in 3 years - if the rate is compounded annually. In how much time will the same amount at the same compound rate become sixteen times?