A sum of money doubles itself in 4 years at compound interest. How many years it will become eight times at the same rate of interest.
(a) 12 years
(b) 18 years
(c) 24 years
(d) 16 years
A sum of money doubles itself in 4 years at compound interest. How many years it will become eight times at the same rate of interest.
(a) 12 years
(b) 18 years
(c) 24 years
(d) 16 years