A sum of money under compound interest doubles itself in 4 years. In how many years will it become 16 times itself?
12 years
16 years
8 years
None of these
D
View Full Answer(7)A certain loan amounts, under compound interest, compounded annually earns an interest of Rs.1980 in the second year and Rs.2178 in the third year. How much interest did it earn in the first year?
Rs.1600
Rs.1800
Rs.1900
None of these
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View Full Answer(2)The distance between two stations A and B is 440 km. A train starts at 4 p.m. from A and move towards B at an average speed of 40 km/hr. Another train starts B at 5 p.m. and moves towards A at an average speed of 60 km/hr. How far from A will the two trains meet and at what time?
200,8 p.m.
300,9 p.m.
200,9 p.m.
300,8 p.m.
The sum of the distances covered by both trains should be equal to the total distance between the stations A and B: 40t+60(t−1)=44040t + 60(t - 1) = 44040t+60(t−1)=440
40t+60t−60=440
100t−60=440
100t=500
t=5
So, the trains will meet 5 hours after Train A starts from A.
Train A starts at 4 p.m. so 5 hours from 4 p.m. is 4 p.m. + 5 hours = 9 p.m.
The two trains will meet 200 km from A at 9 p.m.
Option 3: 200, 9 p.m.
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