Rohit invests $ 1 every year starting from the end of the current year. If his savings earn an annual interest rate of 15%, how long will it take for him to attain a wealth of $ 20 at the end of...


Rohit invests $ 1 every year starting from the end of the current year. If his savings earn an annual interest rate of 15%, how long will it take for him to attain a wealth of $ 20 at the end of savings period?




A) 10 years



B)15 years



C)20 years



D)Not feasible to achieve 20 times of investment.




Jun 04, 2022
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