Mathematics for FinanceMTP Mar 22Question 1352 of 479
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In how many years will a sum of money become double at 5%\displaystyle 5\% p.a compound interest

Options

A14\displaystyle 14 years
B15\displaystyle 15 years
C16\displaystyle 16 years
D14.3\displaystyle 14.3 years
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Correct Answer

Option c16\displaystyle 16 years

All Options:

  • A14\displaystyle 14 years
  • B15\displaystyle 15 years
  • C16\displaystyle 16 years
  • D14.3\displaystyle 14.3 years

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