Question

A sum of money placed at compound interest becomes four times itself in 2 years. In how many years will it amount to eight times itself?

• A. 2 years
• B. 3 years
• C. 4 years
• D. 8 years

Answer 1

Answer:

B. 3 years

Double or 2 times => 1 year 4 times => 2 year 8 times => 3 year