JIPMATArithmetic > Medium2 years3 years4 years5 years✅ Correct Option: 3Related questions:The difference between compound and simple interests on a certain sum of money at the interest rate of 10%10\%10% per annum for 1121\frac{1}{2}121 years is ₹183₹183₹183, when the interest is compounded semi-annually, then the sum of money is :A certain sum is lent at a certain rate of compound interest. It grows to 1.44 times its value in 2 years. If the same sum is lent at simple interest at the same rate, in how many years would it double itself?An amount doubles itself at compound interest in 5 years. How many years will it take to make the amount 16 times itself ?