3. Rajesh deposits a certain amount in abank which becomes three times – InterviewSolution

InterviewSolution

1.	3. Rajesh deposits a certain amount in abank which becomes three times of itselfin 16 years. Find the time required by thesame amount to become four times of itselfat the same rate of interest, if the interest isnot compounded
Answer» amount becomes 3 times so I=2Pso 2P=(P×R×16)/100so R=12.5now amount becomes 4 times so I=3P3P=(P×12.5×N)/100 so N=24 years

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