A certain sum doubles in 7 years at simple interest. The same sum under the same interest rate will become 4 times in how many years.
(a) 14
(b) 28
(c) 21
(d) 10
Answers
Hey there!!
Let us take the principle account as ' x '
Interest = 2x
Term = 7 years
Formula = ( principle ) × ( rate ) × ( term ) ÷ 100
2 x = ( x ) × ( rate ) × ( 7 ) ÷ 100 ( let us take rate as y )
200x = ( 7 ) ( y ) ( x )
200x ÷ x = 7y
200 = 7y
y = 200 ÷ 7
Rate = 200 ÷ 7
The interest now has to become 4x and we will have to find the term
Take term as y
4x = ( x ) × ( 200 ) × ( y ) ÷ ( 100 × 7 )
4x = 2xy ÷ 7
28x = 2xy
28 = 2y
y = 14 years
Term = 14 years
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Answer:
21 Years
Step-by-step explanation:
let principal be Rs.100
As per data given, sum becomes doubles means,
Amount is Rs.200 , it simply means interest add to principal is Rs.100.
In simple interest process, every time period we get same interest so, the same principal to become 4 times means to become Rs.400, it should added with Rs.300.
For every 100 it takes 7 years, so for 300 it takes 21 Years.
or
P(100)------A(200) so interest is 100 and takes 7 years
P(100) -----A(400) here interest is 300.
It takes 7 years for 100(interest)
now for how many years it takes 300(interest)
Answer is: 21 years