MAT · 2007 · Question 2 of 40

MAT 2007 MS Slot 1 Question 2

Answer it first: the answer and the solution appear right after.

Q2 MULTIPLE CHOICE

A finance company declares that, at a certain compound interest rate, a sum of money deposited by anyone will become 8 times in three years. If the same amount is deposited at the same compound rate of interest, then in how many year will it become 16 times ?