Q1023
(CSAT-Aptirudeat) 8% annual compound interest rate, a Government savings certificate doubles the invested money in approximate 9 years. If finance minister wants to get the money doubled in only 4 years, by approximately what percentage he should increase this scheme's interest rate from its present rate?
A.
45%
B.
125%
C.
225%
D.
None of above
AnswerAnswer: Option D
Solution
Answer: Option D
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