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At simple interest a sum becomes 1.6 times itself in 6 years. In how many years will it become 2.5 times itself at the same rate?

Competition practiceSimple & Compound Interest
  • A15
  • B10
  • C20
  • D25

Step-by-Step Solution

Interest of 0.6 × P in 6 years → 10% per year. To gain 1.5 × P needs 1.5/0.1 = 15 years.
Answer: A) 15

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