A sum of money becomes double in 3 years at compound interest compounded annually at the same rate. In how many years will it become four times of itself?
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Q:
A sum of money becomes double in 3 years at compound interest compounded annually at the same rate. In how many years will it become four times of itself?
- 16.4 yearsfalse
- 27.5 yearsfalse
- 34 yearsfalse
- 46 yearstrue
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