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At compound interest , if a certain sum ...

At compound interest , if a certain sum of money doubles in n years , then the amount will be four fold in :

A

`n^2` years

B

`2n^2` years

C

2n years

D

4n years

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AI Generated Solution

The correct Answer is:
To solve the problem, we need to determine how many years it will take for a certain sum of money to quadruple (become four times) if it doubles in \( n \) years at compound interest. ### Step-by-Step Solution: 1. **Understanding Doubling**: - If a sum of money doubles in \( n \) years, it means that after \( n \) years, the amount becomes \( 2P \) where \( P \) is the principal amount. 2. **Finding Time to Double**: - We know that the time taken to double the amount is \( n \) years. 3. **Finding Time to Quadruple**: - To find out how long it takes for the amount to become four times the original (quadruple), we can use the fact that quadrupling can be seen as two doublings. - If the amount doubles in \( n \) years, then it will double again in another \( n \) years. 4. **Calculating Total Time**: - Therefore, the total time to quadruple the amount will be: \[ n + n = 2n \text{ years} \] 5. **Conclusion**: - Thus, if a certain sum of money doubles in \( n \) years, it will become fourfold in \( 2n \) years. ### Final Answer: The amount will be fourfold in \( 2n \) years. ---
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ARIHANT SSC-CI/SI/INSTALMENTS-EXERCISE (LEVEL - 1)
  1. The compound interest on Rs. 5000 at 30% p.a. in 3 years :

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  2. A sum of Rs 400 would become Rs. 441 after 2 years at r% compound inte...

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  3. At compound interest , if a certain sum of money doubles in n years , ...

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  4. Rs. 6000 amounts to Rs . 7986 in 3 years at Cl. The rate of interest i...

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  5. The least number of complete years in which a sum of money put out ...

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  6. The Cl on Rs. 5000 for 3 years at 8% for first year, 10% for second ye...

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  7. A sum of Rs. 2400 deposited at Cl, doubled after 5 years. After 20 yea...

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  8. A sum of ₹ 550 was taken as a loan. This is to be paid back in two equ...

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  9. The difference between compound interest and simple interest on a sum ...

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  10. The difference between simple and compound interest on Rs. 6000 for 1 ...

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  11. A certain sum amounts to ₹ 8988.8 in two years and to ₹ 9528.128 in th...

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  12. The compound interest and the simple interest for two years on a certa...

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  13. The compound interest on a certain sum at a certain rate of interest f...

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  14. Amit borrowed ₹ 800 at 10% rate of interest. He repaid ₹ 400 at the en...

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  15. A sonata watch is sold for ₹ 440 cash or for ₹ 200 cash down payment ...

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  16. A cellphone is available for ₹ 600 or for 300 cash down payment togeth...

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  17. Abhinav purchases a track suit for ₹ 2400 cash or for ₹ 1000 cash down...

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  18. Indicom cell-phone is available for ₹ 2500 cash or ₹ 520 cash down pay...

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  19. An article is sold for ₹ 500 cash or for ₹ 150 cash down payments foll...

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  20. A sum of Rs. 390200 is to paid back in three equal annual installments...

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