A certain amount is invested in a bank. What annual rate of interest compounded annually becomes 8 times of this investment in 5 years? (Given that…
CA Foundation · Quantitative Aptitude · MTP · April 2025
A certain amount is invested in a bank. What annual rate of interest compounded annually becomes 8 times of this investment in 5 years? (Given that 8 1/5 = 1.515716)
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. 51.57%
Topics: Part-A: Business Mathematics
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