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Solution Let the principal ( P ) = Rs x Amount = A = Rs 3x Simple interest ( I ) = A - P I = 3x - x I = 2x Rate of interest ( R ) = 40/3 % Let time = T years PTR/ 100 = I T = ( 100 I ) / PR = ( 100 × 2x ) / ( x × 40/3 ) = ( 100 × 2 × 3 ) / 40 = 15 Therefore , T = 15 years (adsbygoogle = window.adsbygoogle || []).push({}); I hope this helps you.Number of years in which a sum of money triples itself when the rate of interest being 5% is
Answer (Detailed Solution Below)Option 4 : 40 Free 100 Questions 100 Marks 120 Mins Given: The sum of money triples itself. Rate of interest = 5% Concept used: Simple interest = PRT/100 Amount = SI + P P → principal R → rate of interest T → time Calculation: Amount = 3P Simple interest = 3P - P = 2P 2P = P × 5 × T/100 T = 200/5 = 40 years ∴ The number of years by which a sum will triple itself at 5% p.a is 40 years. Latest UP Lekhpal Updates Last updated on Sep 22, 2022 The Uttar Pradesh Subordinate Services Selection Commission, on 7th September 2022 had released the final answer key of the UP Lekhpal mains exam for advt no 01/2022. The UP Lekhpal Exam was conducted on 31st July 2022. The candidates can calculate their scores using the final answer key and the marking scheme of the exam. It is expected that the board will soon release the merit list. This cycle is ongoing for 8085 vacancies where candidates between the age of 21 to 40 years were eligible to apply. Know the UP Lekhpal Answer key details here. Stay updated with the Quantitative Aptitude questions & answers with Testbook. Know more about Interest and ace the concept of Simple Interest. Free Important Civilization in Rajasthan 15 Questions 15 Marks 10 Mins Given: Rate (R) = 20% Formula used: S.I. = (P × R × T)/100 Where, S.I. → Simple Interest P → Principal R → Rate T → Time Calculations: Let the sum of money be Rs. P. So, A = 3P And S.I. = A - P = 3P – P = 2P Thus T = (100 × S.I.)/(P × R) ⇒ T = (100 × 2P)/(P × 20) = 10 years ∴ The required time is 10 years. Latest RSMSSB Forest Guard Updates Last updated on Sep 22, 2022 The RSMSSB Forest Guard & Forester exam will take place in the month of November 2022.The exam for Forester will be conducted on 6th November 2022 and the exam for Forest Guard will be conducted on 12th & 13th November 2022 The selection process consists of 5 stages i.e. Written Test, Physical Standard & Efficiency Test (PST & PET), Interview, Medical Examination, and finally Document & Character Verification. The candidates must go through the RSMSSB Forest Guard Previous Years’ Paper to know about the pattern of questions asked in the exam and streamline their preparation accordingly. Let's discuss the concepts related to Interest and Simple Interest. Explore more from Quantitative Aptitude here. Learn now! the given question is in how much time will a sum of money triples itself at 25% per annum right so let us assume let the sum of money aur which we can call it is principle bpxx2 we have assumed that the amount the principal amount is rupees X so they are saying at in how much time so we need to find value of time right we don't have value of time right now we have given that at rate of 25% so rate is given is 25% saying that it will triple itself write the amount we will get is amount will be triple which means 3 times of principle write three times of principle which means 3x surmount s3x so now we know that amount is Principal plus interest right so first of all we need to find value of interest value of interest can be determined as b into our into t upon hundred tried so value of P is principal amount is X into latest 25 into time is left city and upon 125 125 force so interest is X into TX Ti bi fore right sunao we know that amount is equal to principal plus interest value of amount is 3x right we have value of amount s3x principle as X and interest we have XT by so3 put it in negative sign so we're left with 3 x minus 6 is equals to x t by 3 x minus axis 3x 3x - 2 x = 2 x 3 by 4 write so now we have X Put It Down value of x to X by X equal to have to find value of time right so access cancelled so now we're left with two equal to 3 by 4 multiply 3 year so value of 22 and 24 which is it so in 8 years of time in 8 years of time the amount of the principal amount will XXXL right this is our required answer At what rate percent per annum simple interest will a sum triples itself in 25 years?R=12. 5%
How long does it take for a sum of money to triple itself at a simple interest rate of 5% per annum?Detailed Solution
The sum of money triples itself. ∴ The number of years by which a sum will triple itself at 5% p.a is 40 years.
In what time will a sum of money put at 25 2 simple interest treble itself?Answer: 8 years. Step-by-step explanation: Let the principle be Rs.
In what time will an amount triple itself at the rate of 20% per annum?Calculations: Let the sum of money be Rs. P. ∴ The required time is 10 years.
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At 25% per annum interest in how many years the simple interest on a sum of money triples itself
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