Question

Rajesh deposits a certain amount in a
bank which becomes three times of itself
in 16 years. Find the time required by the
same amount to become four times of
itself at the same rate of simple interest.​

Answer 1

Answer:

24 years.

Step-by-step explanation:

Let the initial amount = x,

Suppose r be the annual rate of interest,

Thus, the total amount ..

According to the question,

A = 3x

Thus, the annual rate of interest = 25/2 %,

t=24 years....

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