A sum invested at SI gets thrice in 8 yr. Then, after 20 yr it will be?

  1. A. 6 times
  2. B. 2 times
  3. C. 5 times
  4. D. 4 times

Correct Answer: A. 6 times

Explanation

If it triples, SI = 2P in 8 years. Interest generated in 20 years = \frac{2P}{8} \times 20 = 5P. Total amount = P + 5P = 6P (6 times).

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