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Interest on Capital and Drawings at the Time of Death

If sum of mon...

Question

If sum of money doubles in 2 years at simple interest.In how many years it will become 4 times ?

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Solution

As stated in question Money doubles in two years, i.e. in 2 years Simple Interest = 2x.
So, simple interest in 3 years will be 3x. Total Sum = 4x
After 3 years the sum will be 4 times the initial money.

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