Question

At what time will they become 8 times the amount of Rs 5625 at 8% compound interest rate?

Answer 1

Step-by-step explanation:

The quotient is the amount of time it will take you to triple your money. For example, if your money earns an 8 percent interest rate, it will triple in 14 years and 5 months (115 divided by 8 equals 14.4).