Mathematics of FinancePYQ Jan 26Question 4044 of 479
All Questions

If a sum double itself in 8 years, then in how many years it will becomes four times, assuming that the simple interest is calculated.

Options

A16 years
B12 years
C24 years
D20 years
For any discrepancies in this question, email contact@cadada.in

Correct Answer

Option c24 years

All Options:

  • A16 years
  • B12 years
  • C24 years
  • D20 years

About This Chapter: Mathematics of Finance

Paper

Paper 3: Quantitative Aptitude

Weightage

12-16 Marks

Key Topics

Simple & Compound Interest, Annuity, Perpetuity

The most important mathematical chapter in the entire syllabus. It covers Simple Interest (SI), Compound Interest (CI), Nominal vs Effective rates, Present and Future Value, Annuities (Ordinary and Due), Sinking Funds, and Perpetuities. The concepts learned here are applied heavily in CA Intermediate and Final.

View Official ICAI Syllabus

Exam Strategy Tip

Guaranteed 12-16 marks. Master your calculator! Learn the 'GT' and compound interest M+/M- tricks to solve annuity questions in 10 seconds without writing long formulas.

More Questions from Mathematics of Finance

Ready to Master Mathematics of Finance?

Practice all 479 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.

Start Practicing — It's Free