How long will it take for a sum of money to grow from Rs 1250 to Rs 10000 if it is invested?

A. 45 years
B. 47 years
C. 53 years
D. 56 years

Option: D

Previous A man invests a certain sum of money at 6% per annum simple interest and another sum at 7% per annum simple interest. His income from interest after 2 years was Rs. 354. One-forth of the first sum is equal to one-fifth of the second sum. The total sum invested was :

Next A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is :________?

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How long will it take for a su...

Updated On: 27-06-2022

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60 yrs52 yrs56 yrsCan't be determined

Answer : B

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How long will it take for a sum to become 12 times if the rate of interest is 12.5% per annum under simple interest?

Time = 8 years. Was this answer helpful?

How long will it take a sum of money invested at 5% Si to increase its value by 40%?

Thus, it will take 8 years.

How long will it take a sum of money to double?

The rule says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. For example, if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years.

At what rate percent per annum will a sum of money double in 8 years?

Hence, the rate of interest to double a money in 8 years will be 12.5% per annum.

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