Practicing Success
A sum of money at simple interest doubles in 7 yrs. It will become 4 times in: |
21 years 28 Years 42 Years 48 years |
21 years |
Let's assume sum of money equal to 100, after 7 years it becomes 200. That means Simple interest in 7 years is 100. For sum to be four times the Simple interest needs to be 300 1st 7 years - 100 Simple interest Next 7 years - 100 Simple interest Next 7 years - 100 Simple interest Thus, in the next 21 years the simple interest will be 300 or we can say in the next 21 years the amount will be 400 or 4 times
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