Q.Some money becomes 5 times its original amount in 5 years at simple interest. At the same rate of interest, the time required for that principal to become 17 times is: (a) 17 years (b) 20 years (c) 18 years (d) 19 years
Answer: B
In 5 years, the interest on ₹\(x\) becomes \((5x - x)\) = ₹\(4x\). To make the amount 17 times the principal, the interest must be \((17x - x)\) = ₹\(16x\). Now, ₹\(4x\) interest is earned in 5 years. ∴ ₹\(16x\) interest will be earned in \(\frac{5 \times 16x}{4x}\) years = 20 years.
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