Postal or Sorting Assistants Model Paper 10 With Solutions

Question : 17 of 100

Marks: +1, -0

A sum of money invested at simple interest triples itself in 8 years. How many times will it become in 20 years time?

Solution:

Let P = x
A=3x
SI=2x
T = 8 years
R=

{2x}/x-100/8 =25%

Now SI

={x 25 20}/100 5x

=5x+x = 6x

∴In 6 years is becomes 6 times

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