The time in which a sum of money will be doubled at 6% compound interest compounded interest compounded annually approximately.

CA Foundation · Quantitative Aptitude · MTP · June 2024
The time in which a sum of money will be doubled at 6% compound interest compounded interest compounded annually approximately.
(A) A. 10 years
(B) B. 12 years
(C) C. 13 years
(D) D. 14 years

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. 12 years

Topics: Part-A: Business Mathematics

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