hamburger menu
All Coursesall course arrow
adda247
reward-icon
adda247
    arrow
    arrow
    arrow
    The amount doubles itself under Compound interest in 15 years. In how many years will it become 256 times of itself at the same rate of interest?
    Question

    The amount doubles itself under Compound interest in 15 years. In how many years will it become 256 times of itself at the same rate of interest?

    A.

    120 

    B.

    127

    C.

    115

    D.

    125

    Correct option is A

    Amount doubles in 15 years
    So in 15 years → ×2
    In 30 years → ×4
    In 45 years → ×8

    We need ×256 = 2⁸
    So time = 8 × 15 = 120 years

    Free Tests

    Free
    Must Attempt

    OSSC CGL 2024 Prelims PYP (Held on 20-Oct-2024)

    languageIcon English
    • pdpQsnIcon150 Questions
    • pdpsheetsIcon150 Marks
    • timerIcon150 Mins
    languageIcon English
    Free
    Must Attempt

    Odisha GK Test 01

    languageIcon English
    • pdpQsnIcon10 Questions
    • pdpsheetsIcon10 Marks
    • timerIcon10 Mins
    languageIcon English
    Free
    Must Attempt

    OSSC CGL Prelims Full Mock Test 01

    languageIcon English
    • pdpQsnIcon150 Questions
    • pdpsheetsIcon150 Marks
    • timerIcon150 Mins
    languageIcon English

    Similar Questions

    test-prime-package

    Access ‘OSSC CGL’ Mock Tests with

    • 60000+ Mocks and Previous Year Papers
    • Unlimited Re-Attempts
    • Personalised Report Card
    • 500% Refund on Final Selection
    • Largest Community
    students-icon
    383k+ students have already unlocked exclusive benefits with Test Prime!
    Our Plans
    Monthsup-arrow