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Multiple choice

In ________, a sum will double itself at 5% p.a. compound interest. (given : log(1.05) = 0.0704)

  1. 15 years and 10 months

  2. 14 years and 2 months

  3. 14 years and 10 months

  4. 15 years and 2 months

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B Correct answer

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