Answer:
Option E
Explanation:
I. P(1+R100)4 =2P ⇒(1+R100)4 =2 ---(i)
II. P(1+R100)12 =8P ⇒(1+R100)12 =8 ---(ii)
III. P(1+R100)8 =4P ⇒(1+R100)8 =4 ---(iii)
Let the given sum become 16 times in n years. Then,
P(1+R100)n =16P
⇒(1+R100)n =16 ---(iv)
∴ Any one of (i), (ii) and (iii) with (iv) will give the value of n.
∴ Correct answer is (E).