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A certain sum becomes 4 times in 7 years...

A certain sum becomes 4 times in 7 years, at simple interest, then in how many years it will become 16 times?

A

16

B

21

C

28

D

35

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Understand the Problem We need to find out how many years it will take for a certain sum of money to become 16 times its original amount at simple interest, given that it becomes 4 times in 7 years. ### Step 2: Define the Principal Let's assume the principal amount (P) is 100. Therefore, if it becomes 4 times in 7 years, the amount (A) after 7 years is: \[ A = 4 \times P = 4 \times 100 = 400 \] ### Step 3: Calculate the Simple Interest The simple interest (SI) earned in 7 years can be calculated as: \[ SI = A - P = 400 - 100 = 300 \] ### Step 4: Use the Simple Interest Formula The formula for simple interest is: \[ SI = \frac{P \times R \times T}{100} \] Where: - SI = Simple Interest - P = Principal - R = Rate of interest per annum - T = Time in years Using the values we have: \[ 300 = \frac{100 \times R \times 7}{100} \] ### Step 5: Solve for the Rate (R) From the equation, we can simplify: \[ 300 = R \times 7 \] \[ R = \frac{300}{7} \] ### Step 6: Determine the Simple Interest for 16 Times the Principal Now we need to find out how long it will take for the principal to become 16 times: \[ A = 16 \times P = 16 \times 100 = 1600 \] The simple interest required to reach this amount is: \[ SI = A - P = 1600 - 100 = 1500 \] ### Step 7: Set Up the Equation for Time (T) Using the simple interest formula again: \[ 1500 = \frac{100 \times \left(\frac{300}{7}\right) \times T}{100} \] ### Step 8: Simplify and Solve for T This simplifies to: \[ 1500 = \frac{300}{7} \times T \] To find T, we rearrange the equation: \[ T = \frac{1500 \times 7}{300} \] ### Step 9: Calculate T \[ T = \frac{10500}{300} = 35 \] ### Conclusion Thus, it will take **35 years** for the principal to become 16 times at simple interest.
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