JIPMATArithmetic > Medium2 years3 years4 years5 years✅ Correct Option: 3Related questions:JIPMAT 2024An amount doubles itself at compound interest in 5 years. How many years will it take to make the amount 16 times itself ?JIPMAT 2023Sumit has Rs. 90000 with him. He purchases three items A, B, and C for Rs. 15000, Rs. 13000, and Rs. 35000 respectively and puts the remaining money in a bank deposit that pays compound interest @15% per annum. After 2 years, he sells off the three items at 80% of their original price and also withdraws his entire money from the bank by closing the account. What is the total change in his asset?JIPMAT 2021A 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?