10th Class Mathematics Related to Competitive Exam Question Bank Commercial Mathematics

  • question_answer
    If a sum of money placed at compound interest doubles itself in 5 years, then the same amount of money will be 8 times of itself in

    A)  25 years         

    B)         20 years

    C)  15 years           

    D)         10 years

    Correct Answer: C

    Solution :

     Let the sum be Rs. x. Then x becomes 2x in 5 years, 2x becomes 4x in next 5 years, 4x becomes 8x in next 5 years. Hence x becomes 8x in 15 years.


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