The time in by which a sum of money is 8 times of itself if it doubles itself in 15 years interest compounded annually.

CA Foundation · Quantitative Aptitude · MTP · September 2025
The time in by which a sum of money is 8 times of itself if it doubles itself in 15 years interest compounded annually.
(A) A. 42 years
(B) B. 43 years
(C) C. 45 years
(D) D. 46 years

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. 45 years

Topics: Part-A: Business Mathematics

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