Multiple Choice Questions on A sum becomes 3 times in 5 year at a certain rate of interest Find the time in which the same amount........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A sum becomes 3 times in 5 year at a certain rate of interest Find the time in which the same amount...........

Quantitative Aptitude ( CCS) Simple Interest
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    A sum becomes 3 times in 5 year at a certain rate of interest. Find the time in which the same amount will be eight times at the same rate of interest?

    45/2 yr

    Incorrect Answer

    35/2 yr

    Correct Answer

    25/2 yr

    Incorrect Answer

    15/2 yr

    Incorrect Answer
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    Explanation:

    T=5, SI = 3P-P =2P
    2P = P*R*5/100
    R = 40%
    For another time
    SI = 8P-P =7P
    7P = P*40*T/100
    T=35/2

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