Mushfiq invested certain amount of money for particular period at 8% annual imple interest. If at the end of the period he received 4 times of his original investment, for how many years did he invest?

Mushfiq invested certain amount of money for particular period at 8% annual imple interest. If at the end of the period he received 4 times of his original investment, for how many years did he invest?

A 12 .5 years

B 25 years

C 50 years

D 40 years

Solution

Correct Answer: Option E