Question : The time required for a sum of money to amount to three times itself at 8% simple interest p.a. will be:
Option 1: 35 years
Option 2: 25 years
Option 3: 30 years
Option 4: 20 years
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Correct Answer: 25 years
Solution : Given: Rate is 8% Let the Principle be P. It amounts to 3 times of itself. Simple interest = 3P – P = 2P We know, Simple interest $= \frac{\text{Principal × Rate × Time}}{100}$ ⇒ $2P =\frac{P×8×\text{Time}}{100}$ ⇒ Time = 25 years Hence, the correct answer is 25 years.
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Question : The rate at which a sum becomes four times itself in 12 years, at simple interest, will be:
Option 1: 20%
Option 2: 25%
Option 3: 35%
Option 4: 30%
Question : A sum of money doubles itself in 7 years at simple interest. In how much time will it become 5 times itself?
Option 1: 25 years
Option 2: 28 years
Option 3: 23 years
Option 4: 21 years
Question : If the amount obtained by A by investing INR 9,100 for three years at a rate of 10% p.a. on simple interest is equal to the amount obtained by B by investing a certain sum of money for five years at a rate of 8% p.a. on simple interest, then 90% of the sum invested by B (in INR) is:
Option 1: 8,450
Option 2: 7,800
Option 3: 8,540
Option 4: 7,605
Question : In how much time will the simple interest on a certain sum of money be $\frac{6}{5}$th times of the sum at 20% per annum?
Option 1: 7 years
Option 2: 8 years
Option 3: 5 years
Option 4: 6 years
Question : A certain sum of money becomes triple itself in 26 years at simple interest. In how many years it will become five times of itself?
Option 1: 64 years
Option 2: 52 years
Option 3: 56 years
Option 4: 60 years
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