Q.If a principal amount becomes 3 times its original value in 8 years with interest, when will it become 5 times its original value? (a) 12 years (b) 15 years (c) 16 years (d) 20 years
Answer: C
In 8 years, if the principal amount becomes 3 times its original value, it means the interest on x rupees is 2x rupees in 8 years.
For the principal to become 5 times its original value, the interest on x rupees must be (5x - x) = 4x rupees.
\(\therefore\) The required time will be \(8 \times 2\) years = 16 years.
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