If a certain sum becomes double in 3 years at certain rate of interest at C I Then in how many years...........

Quantitative Aptitude ( CCS) Compound Interest

If a certain sum becomes double in 3 years at certain rate of interest at C.I. Then in how many years it will become 16 times?

12 years

24 years

8 years

Cannot be determined

In C.I P increases like
P——-2P——–4P———8P——–16P
—-3yrs—–3yrs—–3yrs——-3yrs
total = 3+3+3+3=12 years

Hence, option 1 is the correct answer.

Submit Error