A sum of money doubles itself in 7 years at simple interest. In how much time will it become 5 times of itself?
Answer & explanation
Correct answer: option 2
Let Principal (P) = 1R
ATQ,
Principal : Amount : S.I : Time
i) Double: 1 : 2 : 1 : 7 years
⇓×4 ⇓×4
ii) 5 times: 1 : 5 : 4 : 28 years