Home
Class 14
MATHS
A sum of money doubles itself in 7 years...

A sum of money doubles itself in 7 years. In how many years it will become 4 times ?

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will use the relationship between the time taken for a sum of money to double and the time taken for it to quadruple using the formula provided in the video. ### Step 1: Understand the given information We know that a sum of money doubles in 7 years. This means: - A (final amount when doubled) = 2 - T1 (time taken to double) = 7 years ### Step 2: Set up the relationship for quadrupling We want to find out how long it will take for the same sum of money to become four times its original amount. This means: - B (final amount when quadrupled) = 4 - T2 (time taken to quadruple) = ? ### Step 3: Use the formula We will use the formula: \[ \frac{A - 1}{T1} = \frac{B - 1}{T2} \] Substituting the values we have: \[ \frac{2 - 1}{7} = \frac{4 - 1}{T2} \] ### Step 4: Simplify the equation This simplifies to: \[ \frac{1}{7} = \frac{3}{T2} \] ### Step 5: Cross-multiply to solve for T2 Cross-multiplying gives us: \[ 1 \cdot T2 = 3 \cdot 7 \] \[ T2 = 21 \] ### Step 6: Conclusion Thus, it will take 21 years for the sum of money to become four times its original amount. ### Final Answer The sum of money will become four times in **21 years**. ---
Promotional Banner

Topper's Solved these Questions

  • SIMPLE INTEREST & COMPOUND INTEREST

    MAHENDRA|Exercise EXERCISE|30 Videos
  • RATIO & PROPORTION

    MAHENDRA|Exercise EXERCISE|30 Videos
  • SIMPLIFICATION

    MAHENDRA|Exercise EXERCISE|75 Videos
MAHENDRA-SIMPLE INTEREST & COMPOUND INTEREST-EXERCISE
  1. A sum of money doubles itself in 7 years. In how many years it will be...

    Text Solution

    |

  2. What will be the simple interest earned on an amount of Rs. 16,800 in ...

    Text Solution

    |

  3. The simple interest on Rs. 1820 from March 9, 2003 to May 21, 2003 at ...

    Text Solution

    |

  4. A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He i...

    Text Solution

    |

  5. How much time will it take for an amount of Rs. 450 to yield Rs. 81 as...

    Text Solution

    |

  6. A sum of Rs. 1600 gives a simple interest of Rs. 252 in 2 years and 4 ...

    Text Solution

    |

  7. Reena took a loan of₹ 1200 with simple interest for as many years as t...

    Text Solution

    |

  8. A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 ...

    Text Solution

    |

  9. The simple interest at x% for x years will be Rs. x on a sum of:

    Text Solution

    |

  10. Rs 800 becomes Rs 956 in 3 years at a certain rate of simple interest....

    Text Solution

    |

  11. A certain amount earns simple interest of Rs. 1750 after 7 years. Had ...

    Text Solution

    |

  12. The simple interest on a certain sum of money at the rate of 5% per an...

    Text Solution

    |

  13. The interest on a certain deposit at 4.5% p.a. is Rs. 202.50 in one ye...

    Text Solution

    |

  14. A sum invested at 5% simple interest per annum increase to Rs. 504 in ...

    Text Solution

    |

  15. What will be the ratio of simple interest earned by certain amount at ...

    Text Solution

    |

  16. The simple interest on a sum of money will be Rs. 600 after 10 years. ...

    Text Solution

    |

  17. What will be the compound interest on a sum of Rs. 25,000 after 3 year...

    Text Solution

    |

  18. The compound interest on Rs. 20,480 at 6(1)/(4) % per annum for 2 year...

    Text Solution

    |

  19. Sam invested Rs. 15000 @ 10% per annum for one year. If the interest i...

    Text Solution

    |

  20. What is the difference between the compound interests on Rs. 5000 for ...

    Text Solution

    |

  21. Find the compound interest on Rs. 15625 for 9 months at 16% per annum ...

    Text Solution

    |