Practicing Success
A sum of money on compound interest triples itself in 20 years. After 40 years, it will become : |
8 times 9 times 10 times 11 times |
9 times |
We have, A sum of money on compound interest triples itself in 20 years. Means, Sum Amount Time 1 3 ( In 20 years) 1 32 = 9 ( In 40 years) Method, If the amount (a) becomes n time after p years then, after n × m time the amount will become am |