Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A sum of money at simple interest doubles in 7 yrs. It will become 4 times in:

Options:

21 years

28 Years

42 Years

48 years

Correct Answer:

21 years

Explanation:

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