Practicing Success
If a certain sum of money becomes 49 times of itself in 17 years. In how many years it will become 343 times of it self? |
34 years 29.5 years 25.5 years 24 years |
25.5 years |
Let the sum = P ATQ, 49P = P(1 + \(\frac{R}{100}\))17 .... (i) 343P = P(1 + \(\frac{R}{100}\))T from eq. (i) ⇒ (49)\(\frac{1}{17}\) = (1 + \(\frac{R}{100}\)) 343 = (49)\(\frac{T}{17}\) 73 = (72)\(\frac{T}{17}\) 73 = (7)\(\frac{2T}{17}\) ⇒ \(\frac{2T}{17}\) = 3 T = \(\frac{51}{2}\) = 25.5 years |