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Quantitative Ability Preparation for BBA/BBS/BCA Entrance exams

Posted on Jan 09, 2016 2:00 PM

A certain amount is deposited in the bank. If the bank is giving 5% simple interest, then calculate
in how many years will the amount become three times the principal?


Please type your answer before submitting.

To make the amount three times the principal, we have to get 2P interest
2P = P X R X T/100
T= 40 years

Good ques

Can someone provide a solution to this question?