Multiple Choice Questions on The least number of complete years in which a sum of money put out at 10 CI will be more than d........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The least number of complete years in which a sum of money put out at 10 CI will be more than d...........

Quant (SSC) Compound Interest
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    The least number of complete years in which a sum of money put out at 10% CI will be more than  doubled is

    8yrs

    Correct Answer

    6yrs

    Incorrect Answer

    4yrs

    Incorrect Answer

    7yrs

    Incorrect Answer
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    Explanation:

    P(110/100)n  > 2P
    (11/10) n > 2P
    1.1*1.1*1.1*1.1*1.1*1.1*1.1*1.1 = 2.14 > 2
    N = 8

    By: Amit Kumar
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