Q.If some amount doubles in 10 years with simple interest, then it will triple in— (a) 12 years (b) 15 years (c) 20 years (d) 21 years
Answer: C
If the principal amount is 100 rupees, then the interest for 10 years is 100 rupees.
To become three times the principal, the interest must be (300 - 100) rupees = 200 rupees.
Now, 100 rupees earns 100 rupees interest in 10 years.
\(\therefore\) 100 rupees will earn 200 rupees interest in 20 years.
So, the amount will triple in 20 years.
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