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A sum of money at simple interest trebles itself in 15 years. It will become 5 times of itself in -

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Question

A sum of money at simple interest trebles itself in 15 years. It will become 5 times of itself in

Options

  • 40 years

  • 36 years

  • 30 years 

  • 25 years

MCQ

Solution

30 years 

Explanation:

P A S.I. t  
100% 300% 200% 15 × 2 years
100% 500% 400% 30     ↵
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Simple and Compound Interest (Entrance Exam)
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