Question:
Arun invests an amount of ₹4,000 at the rate of 2% simple interest per annum. For how many years did he invest the amount to double his sum?
Arun invests an amount of ₹4,000 at the rate of 2% simple interest per annum. For how many years did he invest the amount to double his sum?
Updated On: May 12, 2024
- 20 years
- 30 years
- 50 years
- 45 years
Hide Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
The Correct Option is (C):50 years
Was this answer helpful?
0
1
Top Questions on Simple Interest
- Sanjay takes a personal loan of ₹6,00,000 at the rate of 12% per annum for 'n' years. The EMI using the flat rate method is ₹16,000. The value of 'n' is:
- CUET (UG) - 2024
- Mathematics
- Simple Interest
- Vibhuti bought a car worth ₹10,25,000 and made a down payment of ₹4,00,000. The balance is to be paid in 3 years by equal monthly installments at an interest rate of 12% p.a. The EMI that Vibhuti has to pay for the car is:
(Use \( (1.01)^{-36} = 0.7 \))- CUET (UG) - 2024
- Mathematics
- Simple Interest
- The rate of interest (per annum), at which the present value of a perpetuity of ₹5,000 payable at the end of every 6 months will be ₹40,000 is:
- CUET (UG) - 2024
- Mathematics
- Simple Interest
- ₹800 becomes ₹956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what will ₹ 800 amount to in 3 years:
- CUET (UG) - 2023
- Mathematics
- Simple Interest
- Manish goes 8 km in the North from his school. Now, turning to the left, he goes 15 km and again turns to the left and goes to 8 km. How far he is from his school and in which direction?
- CUET (UG) - 2023
- Mathematics
- Simple Interest
View More Questions
Questions Asked in CUET exam
- Who devised the concept of Intelligence Quotient (IQ)?
- CUET (UG) - 2024
- Psychological attributes
- As per data collected in 2011, arrange the following Indian states in terms of child sex-ratio from lowest to highest:
(A) Punjab
(B) Haryana
(C) Tamil Nadu
(D) Sikkim
Choose the correct answer from the options given below:- CUET (UG) - 2024
- Social Inequality and Exclusion
- A molecule X associates in a given solvent as per the following equation:
X ⇌ (X)n
For a given concentration of X, the van’t Hoff factor was found to be 0.80 and the
fraction of associated molecules was 0.3. The correct value of ‘n’ is:- CUET (UG) - 2024
- Solutions
- If \(A = \begin{bmatrix} 3 & 2 \\ -1 & 1 \end{bmatrix} \quad \text{and} \quad B = \begin{bmatrix} -1 & 0 \\ 2 & 5 \\ 3 & 4 \end{bmatrix},\)then \((BA)^T\) is equal to:
- CUET (UG) - 2024
- Matrices
- Two resistances of 100 \(\Omega\) and 200 \(\Omega\) are connected in series across a 20 V battery as shown in the figure below. The reading in a 200 \(\Omega\) voltmeter connected across the 200 \(\Omega\) esistance is _______.
Fill in the blank with the correct answer from the options given below- CUET (UG) - 2024
- Current electricity
View More Questions