A sum of money put at SI doubles itself in 8 years in how many years it will become five times

A sum of money doubles itself in 5 years. In how many years will it become four fold if interest is compounded?

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Solution

The correct option is B 10Let sum = x Then, 2x=x[1+R100]5 ⇒ [1+R100]=21/5 ... (i) 4x=x[1+R100]T ⇒ 4=[21/5]T ⇒ 22=2T/5 ⇒ T5=2 ∴ T=10yrs.

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Updated On: 27-06-2022

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Text Solution

Answer : 16 years 8mounths.

Answer

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A sum of money doubles itself in 4 years at compound Interest. It will amount to 8 times itself at the same rate of interest in :

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A sum of money put at SI doubles itself in 8 years in how many years it will become five times

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At what rate of SI will a sum of money double in 8 years?

5 % is the correct answer.

How many years will a sum of money doubles itself at 8/1 by 3% simple interest per annum?

⇒T=1008=12.5 years. Q.

What rate sum a double itself in 8 years 4 months?

So, rate of interest at which a sum doubles itself in 8 year 4 months is 12%.

In what time will a sum of money double itself in 10 years at SI?

T=2P×100P×10 = 20 years.