In how many years will ₹ 50,000 become ₹ 75,000 at 8% per annum compound interest? (Given log (1.5) = 0.1761 and log (1.08) = 0.0334)

CA Foundation · Quantitative Aptitude · PYQS · May 2026
In how many years will ₹ 50,000 become ₹ 75,000 at 8% per annum compound interest? (Given log (1.5) = 0.1761 and log (1.08) = 0.0334)
(A) A. 4.8 years
(B) B. 5.1 years
(C) C. 5.3 years
(D) D. 5.6 years

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. 5.3 years

Topics: Part-A: Business Mathematics

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