Go To Your Study Dashboard

Get Answers to all your Questions

header-bg

A sum doubles in 8 years at simple interest. In how many years will the sum become 4 times the original sum?

Option 1)
16
Option 2)
24
Option 3)
64
Option 4)
40
Option 5)
32

Answers (1)

best_answer

let the sum is P then P becomes 2P in 8 years

p >> 8 years >>>2p>>>8 year >>>3p >>>8 years >> 4p

8+8+8 = 24 years

Because it is always equal In all years

Posted by

rishi.raj

View full answer

Similar Questions

Latest Question

A sum of money under compound interest doubles itself in 4 years. In how many years will it become 16 times itself? Option: 1 1
A certain loan amounts, under compound interest, compounded annually earns an interest of Rs.1980 in the second year and Rs.2178 in the third year. How much interest did it earn in the first year?<