A sum of money triples itself in 20 years. Using Simple Interest calculate number of years it would double itself.

CA Foundation · Quantitative Aptitude · MTP · June 2024
A sum of money triples itself in 20 years. Using Simple Interest calculate number of years it would double itself.
(A) A. 25 years
(B) B. 15 years
(C) C. 10 years
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. 10 years

Topics: Part-A: Business Mathematics

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