Railway Recruitment Board Mathematics — Question 1711

Question

A sum of money doubles itself in 8 years at simple interest. In how many years will it triple?

  1. 12
  2. 16
  3. 20
  4. 24

Correct answer

B — 16

Explanation (English)

Doubling means SI = P over 8 years, so rate = 100×P/(P×8) = 12.5%. Tripling needs SI = 2P → time = 100×2P/(P×12.5) = 16 years.

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