JIPMAT - An amount doubles itself at compound interest in 5 years. How many years will it take to make the amount 16 times itself ? | PYQs + Solutions

JIPMAT

Arithmetic

Easy

✅ Correct Option: 4

Related questions:

JIPMAT 2023

Sumit has Rs. 90000 with him. He purchases three items A, B, and C for Rs. 15000, Rs. 13000, and Rs. 35000 respectively and puts the remaining money in a bank deposit that pays compound interest @15% per annum. After 2 years, he sells off the three items at 80% of their original price and also withdraws his entire money from the bank by closing the account. What is the total change in his asset?

JIPMAT 2025

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 :

JIPMAT 2021

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?

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