A sum of money trebles itself in 15 years, 6 months. In how many years would it double itself ?
Correct answer: B. 7 years 9 months
- A. 6 years 3 months
- B. 7 years 9 months
- C. 8 years 3 months
- D. 9 years 6 months
Explanation
If the principal trebles in 15 years 6 months, the interest earned is twice the principal in 15.5 years. To double, the interest must equal one principal, which takes half that time: 15.5 years ÷ 2 = 7.75 years = 7 years 9 months. Option a, 6 years 3 months, incorrectly uses a different fraction of the original period.
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About Percentages
Percentages express a quantity as parts per hundred and support calculations involving increases, decreases, discounts, commissions, taxes, and successive changes. Questions require distinguishing percentage change from percentage points and identifying the original value when a final value and its percentage change are given.
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