Multiple Choice Questions on A sum of money invested at C I double itself in 6yrs At the same rate of interest it will amount to ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A sum of money invested at C I double itself in 6yrs At the same rate of interest it will amount to ...........

Quantitative Aptitude ( CCS) Compound Interest
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    A sum of money invested at C.I double itself in 6yrs. At the same rate of interest it will amount to eight times of itself in how many years?

    15yrs

    Correct Answer

    12yrs

    Incorrect Answer

    18yrs

    Incorrect Answer

    10yrs

    Incorrect Answer
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    Explanation:

    sum increase in C.I in a manner – 1 …2…4…8…16
    6   +   6  +    6 = 18 yrs

    Hence, option 1 is the correct answer.

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