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Aptitude · Q203

Interest

Competitive Exams · Aptitude · question 203

Q203

In how many least number of complete years a sum of money become more than four times of itself at the rate of 50% per annum on simple interest?

A.
9 years
B.
7 years
C.
6 years
Answer
D.
5 years

Answer: Option C

Solution

Answer: Option C
Solution:
Interest mcq question image

In T = 6 yrs it will become 4 times
For making it more than 4 time check what the time least time after 6 years in option.