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At simple interest, a sum becomes 1.5 times itself in 5 years. At the same rate, in how many years will it become 4 times itself?

Competition practiceSimple & Compound Interest
  • A30
  • B20
  • C25
  • D40

Step-by-Step Solution

Interest of 50% in 5 years means 10% per year. To become 4 times, interest must be 300%, which takes 300 ÷ 10 = 30 years.
Answer: A) 30

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