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Q.

At a certain rate of simple interest, a certain sum doubles itself in 10 years. In how many years it will triple itself?

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a

20 yrs.

b

24 yrs.

c

17.5 yrs.

d

18 yrs.

answer is B.

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Detailed Solution

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Since the sum doubles itself in 10 years, so sum = S.I. for 10 years.

Let the sum = x. 

Then, S.I. = x, and Time = 10 years.

we know that, S.I. = P×R×T100
∴ Rate = (100 × xx × 10)% =10 %
Now, sum = x, S.I. = 2x, Rate = 10 %
∴ Time =(100 × 2xx × 10)years = 20 years.

Hence, the correct answer is 20 yrs.

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