Mathematics for FinanceMTP May 18Question 1271 of 479
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The time in which a sum of money will be doubled at 6%\displaystyle 6\% compound interest compounded interest compounded interest compounded annually approximately.

Options

A10\displaystyle 10 years
B12\displaystyle 12 years
C13\displaystyle 13 years
D14\displaystyle 14 years
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Correct Answer

Option d14\displaystyle 14 years

All Options:

  • A10\displaystyle 10 years
  • B12\displaystyle 12 years
  • C13\displaystyle 13 years
  • D14\displaystyle 14 years

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