In how many years will a sum of money becomes four times at 12% p.a. simple interest?

CA Foundation · Quantitative Aptitude · MTP · January 2026
In how many years will a sum of money becomes four times at 12% p.a. simple interest?
(A) A. 18 years
(B) B. 21 years
(C) C. 25 years
(D) D. 28 years

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. 25 years

Topics: Part-A: Business Mathematics

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic