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1 mark

A certain sum of money becomes three times of itself in 5
2
1

years at a certain rate of simple interest. How much time will it take to become six times of itself at the same rate?

  1. A
    12 years 3 months
  2. B
    15 years 5 months
  3. C
    10 years 6 months
  4. D
    13 years 9 months

Solution & Step-by-step Explanation

Let the principal sum be P.
In the first case, the amount becomes 3P.

Simple Interest (SI
1

)=3P−P=2P
Time taken (T
1

) =5
2
1

years=
2
11

years

In the second case, the amount becomes 6P.

Simple Interest (SI
2

)=6P−P=5P
Let the time taken be T
2

.

Since the rate of interest is the same, the simple interest is directly proportional to time:

SI
2


SI
1



=
T
2


T
1




5P
2P

=
T
2


2
11




5
2

=
2×T
2


11


4×T
2

=55⟹T
2

=
4
55

years
Converting into years and months:

T
2

=13
4
3

years=13years+(
4
3

×12)months=13years and 9months

Practice this question

Try it yourself before checking the explanation above.

A certain sum of money becomes three times of itself in 5
2
1

years at a certain rate of simple interest. How much time will it take to become six times of itself at the same rate?
A
12 years 3 months
B
15 years 5 months
C
10 years 6 months
D
13 years 9 months

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