1. The amount doubles itself under Compound interest in 3 years. In how many years will it become 8 times of it?
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By: anil on 05 May 2019 01.13 am
The amount gets doubled in 3 years. In case of compound interest, the amount will become $$2^n$$ times in $$3n$$ years => Final amount = $$8=(2)^3$$ Thus, after $$3 imes3=9$$ years, amount will become 8 times. => Ans - (C)
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