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A sum of money becomes three times itself in 10 years at simple interest. In how many years will it become five times itself at the same rate?

Competition practiceSimple & Compound Interest
  • A16
  • B20
  • C25
  • D30

Step-by-Step Solution

Tripling means interest = in 10 years, i.e. 20% per year. Five times needs interest = , which takes years.
Answer: B) 20

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