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At what rate of percent compound interest a sum of money becomes 4 times itself in 2 years?Sum of money becomes 4 times after 2 years at CI. Calculations: Let the sum be P. ∴ The rate of interest is 100%.
At what rate percent compound interest does a sum of money becomes 9 4 times itself in 2 years 25% 100% 60% 50%?Detailed Solution
The sum becomes 9 times in 2 years. Calculation: Let the principal be 'P'. ∴ The rate of interest is 200%.
In what time if an amount becomes 4 times in 4 years then in how Manyyears it would be 16 times through compounded Interestand simple interest respectively?∴ The time taken to 16 times the amount is 20 years.
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At what rate of compound interest a sum of money becomes 4 times itself in 4 years?
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