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Q.

In a certain sum is doubled in 8 years on S.I in how many years will it be 4 times 

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a

24

b

32

c

16

d

12

answer is A.

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Detailed Solution

Let sum be x Rs to amount  2xRs

So  S.I=xRs

R=100×xx×8=12.5%

Now, for amount  =4xRs

S.I=4xx=3x

T=100×3xx×12.5=24years

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In a certain sum is doubled in 8 years on S.I in how many years will it be 4 times