A sum of money invested at compound interest doubles itself in 3 years. In how many years will it amount to eight times itself at the same rate of compound interest? A. 15 years B. 9 years C. 12 years D. 6 years

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A: Compound Interest Formula:A=P1+rnWhere P= Initial amount           r= interest rate per period…

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Q: For a sum of ₱8000.00 to double itself in 12 years and 9 months, what must be the rate of interest…

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Q: How long will it take to double an investment of 6000 Rials if invested at an interest rate of 6%…

A: Thanks for the question :)And your upvote will be really appreciable ;)

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Q: triple itself a

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Q: For a sum of P8000.00 to double itself in 12 years and 9 months, what must be the rate of interest…

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Q: How long will an amount of money double at a simple interest rate for 10% per annum? years

A: How long will an amount of money double at a simple interest rate for 10% per annum?

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A: using compound interest formula and  log properties to solve this

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