(CSAT-Aptirudeat) 8% annual compound interest rate, a Government savings certificate doubles the invested money in approximate 9 years. If finance minister wants to get the money doubled in only 4 years, by approximately what percentage he should increase this scheme's interest rate from its present rate?
A. 45%
B. 125%
C. 225%
D. None of above
Answer: Option D
This Question Belongs to Commerce >> Banking And Financial Institutions
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