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A sum of money under compound interest doubles itself in 4 years. In how many years will it become 16 times itself?

Option: 1
12 years

Option: 2
16 years

Option: 3
8 years

Option: 4
None of these

16 years

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Posted by

Debjani Behera

A certain loan amounts, under compound interest, compounded annually earns an interest of Rs.1980 in the second year and Rs.2178 in the third year. How much interest did it earn in the first year?
Option: 1
Rs.1600

Option: 2
Rs.1800

Option: 3
Rs.1900

Option: 4
None of these

xyz pqr abc year tt

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Posted by

wgqefiqyg

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