Question

An amount of money becomes double in 10 years. In how many years will the same amount becomes 5 times of the same rate of simple interest ?

• A. 30
• B. 40
• C. 50
• D. 60

Answer 1

Answer:

B. 40

If an amount of money becomes double in 10 years rate of interest = 100/10 = 10% the same amount becomes 5 times in = 400/10 = 40 years