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If a sum of money at simple interest doubles In 6 years, it will become 4 times in:
Question

If a sum of money at simple interest doubles In 6 years, it will become 4 times in:

A.

12 years

B.

14 years

C.

16 years

D.

18 years

Correct option is D

Given:

A sum doubles in 6 years at simple interest.

Formula Used:
In Simple Interest (SI):

SI = P×R×T100 \frac{P \times R \times T}{100}​​

Solution:

Let Principal P = 100

If it doubles in 6 years, Amount = 200

So, Interest = 200 - 100 = 100

100=100×R×6100 R=100×100100×6=1006%100 = \frac{100 \times R \times 6}{100}\\ \ \\R = \frac{100 \times 100}{100 \times 6} = \frac{100}{6}\%​​

Now, to become 4 times

Amount = 400

Interest = 400 - 100 = 300

Use formula again:

300=100×R×T100=R×T T=300R=300100/6=18 years300 = \frac{100 \times R \times T}{100} = R \times T \\ \ \\T = \frac{300}{R} = \frac{300}{100/6} = 18 \text{ years}​​

Alternate Solution:

If sum doubles in 6 years, then:

Interest = 1P in 6 years

To make amount = 4P (i.e., 3P interest)

Time = 3P1P×6=3×6=18 years \frac{3P}{1P} \times 6 = 3 \times 6 = 18 \text{ years}​​

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