A sum of money becomes eight times in 3 years, if the rate is compounded annually. In how much time will the amount at the same compound rate become sixteen times?
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Q:
A sum of money becomes eight times in 3 years, if the rate is compounded annually. In how much time will the amount at the same compound rate become sixteen times?
- 18 yearsfalse
- 25 yearsfalse
- 36 yearsfalse
- 44 yearstrue
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