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Get Answers to all your Questions
The sum of money under compound interest doubles itself in 4 years. In how many years will it become 16 times itself
Answers (1)
If a sum doubles in 4 years, then:
After 4 years → 2 times
After 8 years → 4 times
After 12 years → 8 times
After 16 years → 16 times
Hence, the required time is: 16 years
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