A sum of money doubles itself in 4 years

· A sum of money at compound interest (compounded annually) doubles itself in 4. A sum of money doubles in 3 years at compound interest, compounded annually. It will amount to 8 times to itself at the same rate of interest in time. A sum of money doubles itself in 4 years at compound interest. If we use our money smartly. Money is an essential aspect of life that we can’t take for granted in the society we live in today. Money can enrich our lives and put us into a position to enrich others. ⇒ 2P -. Detailed Solution · Given: Amount = 2 × Principal. T= 4 years · Formula Used: S.I = (P × R × T)/ A = P + S.I · Calculation: If A = 2P. In how many years it will become eight times at same rate of interest A 12 years B 18 years C 24 years D 16 years Medium Solution Verified by Toppr Correct option is A) A=P(1+ R)T 2x=x(1+ R)4 (1+ R)=2 1/4 8x=x(1+ R)T ∵1+ R =2 1/4 ∴8=2 T/4 2 3=2 T/4 4T=3 T=12years. A sum of money double itself in 4 years at compound interest. In how many years it will become eight times at same rate of interest A 12 years B 18 years C 24 years D 16 years Medium Solution Verified by Toppr Correct option is A) A=P(1+ R)T 2x=x(1+ R)4 (1+ R)=2 1/4 8x=x(1+ R)T ∵1+ R =2 1/4 ∴8=2 T/4 2 3=2 T/4 4T=3 T=12years. A sum of money double itself in 4 years at compound interest. ∴ Amount =2P, CaseP = P(1 + R )4. 2 = (1 + R )4 Case2: Let after t years it will be 8 times. t=4 years. Description for Correct answer: Let Principal =P, Rate % =R %. × )/(P × T). Where,. S.I. → Simple. Detailed Solution ; Given: A sum of money doubles itself in 4 years ; Concept used: S.I. = A – P · R = (S.I. According to an occupational survey by the U.S. Bureau of Labor Statistics conducted in May , the median annual wage for judges, magistrate judges and magistrates in the United States is $,

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