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Aptitude
General Knowledge
Verbal Reasoning
Computer Science
Interview
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Compound Interest
The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:
3
4
5
6
Show Answer
Correct Answer:
4
Explanation:
P
❨
1 +
20
❩
n
> 2P
⟹
❨
6
❩
n
> 2.
100
5
Now,
❨
6
x
6
x
6
x
6
❩
> 2.
5
5
5
5
So,
n
= 4 years.
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