At what rate per cent will the compound interest, does a sum of money become 16 times in 4 years?
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P[1+R/100]^4 = 16P
=> [1+R/100]^4 = 16
=> [1+R/100] ^ 4 = 2^4
=> 1+ R/100 = 2
=> R/100 = 1 or R = 100.........
=> [1+R/100]^4 = 16
=> [1+R/100] ^ 4 = 2^4
=> 1+ R/100 = 2
=> R/100 = 1 or R = 100.........
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