A sum of money becomes double itself in 8 years at simple interest. How many times will it become 16 years at the same rate?
Choose the correct choice from the following
A) 1  B) 2  C) 3  D) 4  E) 5
P ---- 2P ---- 8 years
4P ---- 16 years Answer: 4
<result>D</result>
A sum of money becomes double itself in 8 years at simple interest. How many times will it become 16 years at the same rate?