Mathematics for FinanceMTP Jun 24Question 1418 of 422
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In how many years will a sum of money double at $5\%$ p.a compounded interest?

Options

A15 years 3 months
B14 years 2 months
C14 years 3 months
D15 years 3 months
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Correct Answer

Option b14 years 2 months

All Options:

  • A15 years 3 months
  • B14 years 2 months
  • C14 years 3 months
  • D15 years 3 months

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