Mathematics for FinanceMTP Jun 23Question 1386 of 479
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A certain sum of money amounts to double in 5\displaystyle 5 years placed at compound interest. In how many years will it amount to 16\displaystyle 16 times at same rate of interest?

Options

A12\displaystyle 12 years
B20\displaystyle 20 years
C24\displaystyle 24 years
DNone of these
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Correct Answer

Option b20\displaystyle 20 years

All Options:

  • A12\displaystyle 12 years
  • B20\displaystyle 20 years
  • C24\displaystyle 24 years
  • DNone of these

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