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Question Description Solutions for In how many years will a sum of money double at 5% p.a. compound interest?a)15 years 3 monthsb)14 years 2 monthsc)14 years 3 monthsd)15 years 2 monthsCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free. Here you can find the meaning of In how many years will a sum of money double at 5% p.a. compound interest?a)15 years 3 monthsb)14 years 2 monthsc)14 years 3 monthsd)15 years 2 monthsCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of In how many years will a sum of money double at 5% p.a. compound interest?a)15 years 3 monthsb)14 years 2 monthsc)14 years 3 monthsd)15 years 2 monthsCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for In how many years will a sum of money double at 5% p.a. compound interest?a)15 years 3 monthsb)14 years 2 monthsc)14 years 3 monthsd)15 years 2 monthsCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of In how many years will a sum of money double at 5% p.a. compound interest?a)15 years 3 monthsb)14 years 2 monthsc)14 years 3 monthsd)15 years 2 monthsCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice In how many years will a sum of money double at 5% p.a. compound interest?a)15 years 3 monthsb)14 years 2 monthsc)14 years 3 monthsd)15 years 2 monthsCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests. This discussion on In how many years will a sum of money double at 5% p.a. compound interest?a)15 years 3 monthsb)14 years 2 monthsc)14 years 3 monthsd)15 years 2 monthsCorrect answer is option 'B'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of In how many years will a sum of money double at 5% p.a. compound interest?a)15 years 3 monthsb)14 years 2 monthsc)14 years 3 monthsd)15 years 2 monthsCorrect answer is option 'B'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like In how many years will a sum of money double at 5% p.a. compound interest?a)15 years 3 monthsb)14 years 2 monthsc)14 years 3 monthsd)15 years 2 monthsCorrect answer is option 'B'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.  Byju's Answer Other Other Compound Interest A sum of mone... Question A 15 No worries! We‘ve got your back. Try BYJU‘S free classes today! B 10 Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses C 20 No worries! We‘ve got your back. Try BYJU‘S free classes today!
D 12 No worries! We‘ve got your back. Try BYJU‘S free classes today! Open in App Solution The correct option is B 10Let sum = x Then, 2x=x[1+R100]5 ⇒ [1+R100]=21/5 ... (i) 4x=x[1+R100]T ⇒ 4=[21/5]T ⇒ 22=2T/5 ⇒ T5=2 ∴ T=10yrs.Suggest Corrections 5 Similar questions Q. A sum of money doubles itself in 5 years. In how many years will it become four fold (if interest is compounded)? Q. A sum of money placed at compound interest doubles itself in 3 years. In how many years will it amount to 8 times itself? Solve Textbooks Question Papers Install app In what time would a sum of money double itself at 5% pa compound interest?Answer: It takes 14.2 years for the amount to double itself.
What is the time period that is required to double the money itself 5% compounded annually?Answer. Explanation: at 5% annual interest, it would take 20 years to double your money (100 / 5 = 20).
How many years will it take a sum of money to double at 5% compounded semi annually?How does the rule of 72 work? Using the rule of 72, you would estimate that an investment with a 5% compound interest rate would double in 14 years (72/5).
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In what time will a sum of money doubles itself at 5% per annum compound interest
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