Here, P(1 + 10/100)t > 2P
⇒ (11/10)t > 2
When t = 8 → (11/10)8 = 2.14358
t =7 → (11/10)7 = 1.9487
By trial, [11 x 11 x 11 x 11 x 11 x 11 x 11 x 11] / [10 x 10 x 10 x 10 x 10 x 10 x 10 x 10] >2
Hence, the first years in which sum of money will become more than double in amount is 8th year