A sum of money doubles itself in 10 years. How much time it will take to become 8 times if compounded half yearly?
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Explanation:
Say initial amount = 100
Final amount = 800
100 >>>>>>>> 200 >>>>>>>>> 400 >>>>>>>>>> 800
........... 15 ............ 15 ................. 15
Total = 15*3 = 45
Answer = Cthanks
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