JIPMAT 2021 (QA) - A certain sum is lent at a certain rate of compound interest. It grows to 1.44 times its value in 2 years. If the same sum is lent at simple interest at the same rate, in how many years would it double itself? | PYQs + Solutions

JIPMAT 2021

Arithmetic

Conceptual

3 years

4 years

5 years

6 years

✅ Correct Option: 3

Related questions:

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The difference between compound and simple interests on a certain sum of money at the interest rate of $10\%$ per annum for $1\frac{1}{2}$ years is $₹183$ , when the interest is compounded semi-annually, then the sum of money is :

In 4 years, an amount of ₹ 6,000 becomes ₹ 8,000 at a certain rate of simple interest. In what time at the same simple interest rate, will an amount of ₹ 525 become ₹ 700?

JIPMAT 2021 (QA) PYQs

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