Question : A certain sum becomes 7 times in 8 years at Simple Interest, then in how many years will it become 19 times of itself?
Option 1: 15
Option 2: 18
Option 3: 28
Option 4: 24
Correct Answer: 24
Solution : Let the sum be P. Total amount for 8 years = 7P Simple Interest for 8 years = 7P – P = 6P If total amount = 19P, Simple Interest = 18P 18P interest will be received in 24 years since P interest was received in 8 years. Hence, the correct answer is 24.
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Question : At a certain rate of Simple Interest, a certain sum of money becomes double itself in 10 years. It will become triple of itself in:
Option 1: 15 years
Option 2: 18 years
Option 3: 20 years
Option 4: 30 years
Question : A certain sum becomes 5 times in 3 years, at Simple Interest, then in how many years it will become 13 times?
Option 1: 6
Option 2: 15
Option 3: 9
Option 4: 12
Question : A certain sum doubles in 7 years at Simple Interest. The same sum under the same interest will become 4 times in how many years?
Option 1: 14 years
Option 2: 28 years
Option 3: 21 years
Option 4: 10 years
Question : If a certain sum becomes two times in seven years at Compound Interest, then in how many years will it become eight times?
Option 2: 21 years
Option 3: 28 years
Option 4: 35 years
Question : If a certain sum becomes 3 times in 6 years at compound interest, then in how many years, it will become 81 times?
Option 1: 81 years
Option 2: 162 years
Option 3: 27 years
Option 4: 24 years
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