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A sum borrowed under compound interest doubles itself in 10 years. When will it become fourfold itself at the same rate of interest?

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To solve the question, we need to determine how long it will take for a sum of money to become four times its original amount under compound interest, given that it doubles in 10 years. ### Step-by-Step Solution: 1. **Understanding the Problem:** - We know that a sum of money (let's call it P) doubles itself in 10 years. This means that after 10 years, the amount becomes 2P. 2. **Finding the Time to Become Fourfold:** - To find out when the amount becomes fourfold (4P), we can observe the pattern of how the amount grows under compound interest. - If it doubles in 10 years (from P to 2P), then in the next 10 years, it will double again. - Therefore, after another 10 years (which is 20 years in total), the amount will become 4P. 3. **Conclusion:** - Thus, the time taken for the amount to become fourfold is 20 years. ### Final Answer: The sum will become fourfold itself in **20 years**. ---
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  10. If the difference between the compound interest and the simple interes...

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  11. The difference between compound interest (compounded annually) and sim...

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  13. Find the difference between the compound interest and the simple inter...

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  14. Find the difference between the simple and compound interest on Rs. 80...

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  16. The difference between compound interest and simple interest on a cert...

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  17. The difference between compound interest and simple interest on Rs. 10...

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  18. On what sum does the difference between the compound interest and the ...

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  19. What will be the difference between simple interest and compound inter...

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