send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
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.
14
28
21
10
- When a sum doubles in 7 years at simple interest, it means the interest earned in 7 years is equal to the principal amount.
- Simple interest is calculated using the formula: SI = P * R * T / 100, where P is the principal, R is the rate, and T is time in years.
- Since the sum doubles, in 7 years, the interest is equal to the principal. Thus, P = P * R * 7 / 100, simplifying to R = 100/7.
- To make the same sum four times, the interest should be three times the principal.
- Using the same formula, 3P = P * R * T / 100. Substitute for R and solve: 3P = P * (100/7) * T / 100, resulting in T = 21 years.
- The correct option is option 3: 21 years.
Option 3: 21 years is correct.
By: Parvesh Mehta ProfileResourcesReport error
Access to prime resources
New Courses