At what rate percent compound interest does a sum of money becomes nine-times in 2 years, compounded annually.

ITS URGENT PLZ

# At what rate percent compound interest does a sum of money becomes nine-times in 2 years, compounded annually.

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Answer:At what rate percent per annum of compound interest, will a sum of money become four times of itself in two years?

A) 100.00%

B) 75.00%

C) 50.00%

D) 20.00%

Correct Answer:

A) 100.00%

Description for Correct answer:

Principal Amount

1→ 4

4=1(1+r100)2

4=(1+r100)2

r = 100 %

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