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SSC Quantitative Aptitude Simple Interest Question Bank Simple and Compound Interest (II)

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

    A) 25 yr

    B) 20 yr

    C) 15 yr

    D) 10 yr

    Correct Answer: C

    Solution :

    [c] Sum of money at compound interest becomes 2 times in 5 yr. \[\therefore \] It will become 8 times i.e. \[{{(2)}^{3}}\] times in \[5\times 3=15\,yr\]


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