What is the least value of n (n is number of Years), the sum of money put out at 20% of CI (Compound Interest) will be more than double?
What is the least value of n (n is number of Years), the sum of money put out at 20% of CI (Compound Interest) will be more than double?
Solution
✅ Correct Option: 2
We need . Now and . So the smallest such is 4 years.
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