Correct option is C
Given:
A sum becomes 2 times in 2.5 years.
Formula Used:
If a sum becomes x times in T years at compound interest, it becomes xn times in n × T years.
Solution:
Here, the sum becomes 2 times in 2.5 years.
We need to find the time for it to become 8 times.
Since 8 can be written as 23, we have n = 3.
Required time = 3 × 2.5 = 7.5 years.
Final Answer
So the correct answer is (c)