Question

Investment of ₹ 4,000 at $R\%$ per annum compounded annually becomes 16,000 in 8 years. If 2,000 is invested at $R\%$ per annum compounded annually, then in how many years will the investment become 16,000?

• A. 8
• B. 10
• C. 12
• D. 14

Answer 1

Answer: (C)

12

Answer 2

The correct answer is (C): 12