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A sum of money doubles itself in 10 years. The number of years it would triple itself is
  • a)
    25 years.
  • b)
    15 years.
  • c)
    20 years.
  • d)
    none of these.
Correct answer is 'C'. Can you explain this answer?
Verified Answer
A sum of money doubles itself in 10 years. The number of years it woul...
Let P=100, A=200,It means I=100

Now We want A=300,means I=200

Years for I of Rs. 100 =10

Years for I of Rs. 200=(10/100)*200

=20 Years
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Most Upvoted Answer
A sum of money doubles itself in 10 years. The number of years it woul...
Assume the amount to b 100 it gets doubt in 10yr means it will become 200 that mean 100$ increased in 10 yrs so more 100$ will increase in more 10 yrs ...that is in 20 yrs it will become 300 i.e it triples itself in 20 years
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Community Answer
A sum of money doubles itself in 10 years. The number of years it woul...
Case 1:
Principal, P = x  
Time, T = 10 years
Amount, A = 2x
S.I = Amount - Principal = 2x - x = x
Using simple interest formula,
SI = PRT/100
x = xR10/100
R = 100/10 = 10%
Case 2: when amount is tripled,
we have A = 3x
P = x
R = 10%
S.I = 3x - x = 2x
we have to find Time , T
SI = PRT/100
2x = x10/100 
T = 2 x 10 = 20 Years
∴ In 20 years amount will be tripled

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A sum of money doubles itself in 10 years. The number of years it would triple itself isa)25 years.b)15 years.c)20 years.d)none of these.Correct answer is 'C'. Can you explain this answer?
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