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Discussion

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?

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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?