Question

a sum of money becomes 2 times in 15 years. in howany years will it be 8 times compounded annually​

Answer 1

Through a process called photosynthesis, plants use energy in sunlight to turn a gas called carbon dioxide and water into sugar. Plants then use this sugar to grow. At the same time, plants produce a gas called oxygen as a waste product, which is lucky for us and other animals because we need oxygen to breathe!

Answer 2

Answer:

The investment would become 8 times in 3 compounding cycles of 15 years each ie it would become 8 time in 45 years at the same rate of interest and Compounding annually. Therefore {(1+r/100)^15}^3 =2^3. Answer 45 years.