A sum of money doubles itself at compound interest in 15 years.In how many years will becomes it 8 times .
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if it will 2 times in 15 years,
for 8 times ,
req. years=15×(8÷2)
=15×4
=60 years
therefor,60 years is required to be 8 times of money
for 8 times ,
req. years=15×(8÷2)
=15×4
=60 years
therefor,60 years is required to be 8 times of money
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