A sum of money placed at C.I. doubles itself in 5 years. It will amount to eight times itself at the same rate of interest in
7 years
10 years
15 years
20 years
A
10 years
B
15 years
C
20 years
D
7 years
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Solution
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let sum=P Time=2 Years Amount=2P According to the question ⇒P(1+r100)5=2P ⇒(1+r100)5=2 Cubic both side we gets ⇒(1+r100)15=8 ⇒P(1+r100)15=8P Hence,in 15 Years amount to eight times itself.
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