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

  • question_answer
    The least number of complete years in which a sum of money put out at 20% compound interest will be more than double as

    A)  3                            

    B)         4  

    C)  5                            

    D)         6

    Correct Answer: B

    Solution :

                    \[P{{\left( 1+\frac{20}{100} \right)}^{n}}>2P\] or            \[{{\left( \frac{6}{5} \right)}^{n}}>2\] Now      \[\left( \frac{6}{5}\times \frac{6}{5}\times \frac{6}{5}\times \frac{6}{5} \right)>2\] So           \[n=4\] years


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