Banking Exams Quant — Question 701
Question
A sum of money doubles in 8 years at simple interest. In how many years will it triple?
- 12 years
- 14 years
- 16 years
- 18 years
Correct answer
C — 16 years
Explanation (English)
If doubles in 8 years, 100% interest in 8 years. For triple (200%), time = 16 years
More Quant questions
- Simple Interest — If the simple interest on ₹5000 for 3 years is ₹1200, find the rate of interest.
- Compound Interest — A bank offers 12% compound interest per annum. What will ₹10000 become in 2 years?
- Profit and Loss — If cost price is ₹800 and selling price is ₹1000, find profit percentage.
- Simple Interest — A person invests ₹20000 at 10% per annum for 5 years. Find simple interest.
- Ratio — Find the ratio of 2.5 : 3.5 in simplest form.
- Average — The average of 5 numbers is 40. If one number 50 is added, find new average.
Practice 1000+ more questions like this
TestPod AI has hand-curated previous-year-questions for SSC, RRB NTPC, IBPS PO, SBI Clerk, and more — with AI explanations in Tanglish, Hinglish, and English.