An amount becomes double in 7 years on simple interest. The amount would be four times in ______ years on the same rate of simple interest.
An amount becomes double in 7 years on simple interest. The amount would be four times in ______ years on the same rate of simple interest.
साधारण ब्याज पर एक राशि 7 वर्षों में दोगुनी हो जाती है। साधारण ब्याज की समान दर पर यह राशि ______ वर्षों में चार गुना हो जाएगी।
Detailed Solution & Logic
21
Given:
Amount doubles in 7 years (Simple Interest)
Concept:
In Simple Interest, interest is directly proportional to time.
If amount becomes double:
Interest = Principal in 7 years
So, rate per year gives $\frac{1P}{7}$ per year
To make amount four times:
Final amount = 4P
So, interest = 4P − P = 3P
Time required:
If 1P interest → 7 years
Then 3P interest → $3 \times 7 = 21$ years
Final Answer: 21 years
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