A sum doubles in seven years at simple interest. In how many years will the sum become five times the original sum? |
35 21 28 30 |
28 |
Given :- Sum doubles in seven years at simple interest. Let sum = P , Amount = 2P So , SI= 2P - P = P P = \(\frac{P ×Rate × 7}{100}\) Rate = \(\frac{100}{7}\)% Now , Sum become 5 times of itself . SO , SI = 5P - P = 4P 4P = \(\frac{P × 100 × Time }{100 × 7}\) Time = 28 years
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