Simple and Compound interest question (Please help)

Certain amount was deposited in two different accounts one giving simple interest and the other giving compound interest. The rate of interest was different for both the accounts. The amount under simple interest triples in 4 years whereas amount under compound interest doubles in 4 years.

Quantity A

Number of years in which the amount under simple interest will become 6 times of itself

Quantity B

Number of years in which the amount under compound interest will become 4 times of itself

Hey Buddy! Welcome to Gregmat. Could you please confirm if the answer is A? Will share the explanation post confirmation.

1 Like

Hi Adnan. Yes, the answer is A.

@Adnan Can you post the explanation please?

Sorry for the delay. I was taking way too much time to type this all down. Attaching 2 pictures of the solution for your reference.
I tried to be elaborative. In case you don’t understand any bit, let me know :slight_smile:

1 Like