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SSC CGL 2021 Tier-I (Held On : 11 April 2022 Shift 1) 100 Questions 200 Marks 60 Mins Last updated on Oct 8, 2022 The SSC CGL 2022 application date date extended till 13th October 2022. The SSC CGL Notification was out on 17th September 2022. The SSC CGL Eligibility will be a bachelor’s degree in the concerned discipline. This year, SSC has completely changed the exam pattern and for the same, the candidates must refer to SSC CGL New Exam Pattern. Ace your Interest preparations for Simple Interest with us and master Quantitative Aptitude for your exams. Learn today! Free Important Civilization in Rajasthan 15 Questions 15 Marks 10 Mins Given: Rate (R) = 20% Formula used: S.I. = (P × R × T)/100 Where, S.I. → Simple Interest P → Principal R → Rate T → Time Calculations: Let the sum of money be Rs. P. So, A = 3P And S.I. = A - P = 3P – P = 2P Thus T = (100 × S.I.)/(P × R) ⇒ T = (100 × 2P)/(P × 20) = 10 years ∴ The required time is 10 years. Latest RSMSSB Forest Guard Updates Last updated on Sep 22, 2022 The RSMSSB Forest Guard & Forester exam will take place in the month of November 2022.The exam for Forester will be conducted on 6th November 2022 and the exam for Forest Guard will be conducted on 12th & 13th November 2022 The selection process consists of 5 stages i.e. Written Test, Physical Standard & Efficiency Test (PST & PET), Interview, Medical Examination, and finally Document & Character Verification. The candidates must go through the RSMSSB Forest Guard Previous Years’ Paper to know about the pattern of questions asked in the exam and streamline their preparation accordingly. Stay updated with the Quantitative Aptitude questions & answers with Testbook. Know more about Interest and ace the concept of Simple Interest.
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How long it will take a certain sum of money to triple itself?A sum of money triples itself in 8 years.
How long does it take for a sum of money to triple itself at a simple interest rate of 5% per annum?Detailed Solution
The sum of money triples itself. ∴ The number of years by which a sum will triple itself at 5% p.a is 40 years.
How long will it take a certain sum of money to triple itself at 10% per annum simple interest?⇒T=x×152x×100=340=13. 3 years.
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How long will it take a certain sum of money to triple itself at 13 1 3 per annum simple interest?
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