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At the certain rate of simple interest, ...

At the certain rate of simple interest, a certain sum doubles itself in 10 years. It will treble itself in-

A

15 years

B

20 years

C

30 years

D

12 years

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The correct Answer is:
To solve the problem, we need to determine how long it will take for a certain sum of money to triple itself at the same rate of simple interest that causes it to double in 10 years. ### Step-by-Step Solution: 1. **Understanding the Problem**: We know that a certain sum doubles in 10 years. We need to find out how long it will take for the same sum to triple. 2. **Using the Formula for Simple Interest**: We can use the relationship between the time taken to double and triple the amount using the formula: \[ \frac{N_1 - 1}{T_1} = \frac{N_2 - 1}{T_2} \] where: - \(N_1\) is the factor by which the sum doubles (which is 2), - \(T_1\) is the time taken to double (which is 10 years), - \(N_2\) is the factor by which the sum triples (which is 3), - \(T_2\) is the time taken to triple (which we need to find). 3. **Substituting Values**: Substitute the known values into the formula: \[ \frac{2 - 1}{10} = \frac{3 - 1}{T_2} \] This simplifies to: \[ \frac{1}{10} = \frac{2}{T_2} \] 4. **Cross Multiplying**: Now, cross-multiply to solve for \(T_2\): \[ 1 \cdot T_2 = 2 \cdot 10 \] Which gives: \[ T_2 = 20 \] 5. **Conclusion**: Therefore, it will take 20 years for the sum to triple itself. ### Final Answer: The time taken for the sum to treble itself is **20 years**. ---
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UPKAR PUBLICATION -SIMPLE INTEREST -QUESTION BANK
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