## Quant Question Of The Day: 234

**A sum of money becomes 4 times under compound interest in every 6 years. In how many years the money will become 32 times of itself**

**48 years****18 years****15 years****24 years**

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**A sum of money becomes 4 times under compound interest in every 6 years. In how many years the money will become 32 times of itself**

**48 years****18 years****15 years****24 years**

**Anwer: (3) 15 years**

**Solution:**

**px^6 = 4p (where x= (1+r)**

**x^3 = 2**

**now it will be become 32, when power is raised to 5 on both sides**

**x^15 = 32**

**hence after 15 years money will become 32 times of itself**

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