In how many years will a sum of money become double at 5% p.a. compound interest:

CA Foundation · Quantitative Aptitude · RTP · September 2024
In how many years will a sum of money become double at 5% p.a. compound interest:
(A) A. 14 years
(B) B. 15 years
(C) C. 16 years
(D) D. 14.3 years

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. 14.3 years

Topics: Part-A: Business Mathematics

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