A sum of money becomes three times of itself in 8 years at compound interest. In how many years will it becomes 27 times of itself ?
Answer & explanation
Correct answer: option 4
3 times in = 8 years
33 time in = 8 × 3 years
27 times in = 24 years
A sum of money becomes three times of itself in 8 years at compound interest. In how many years will it becomes 27 times of itself ?
Correct answer: option 4
3 times in = 8 years
33 time in = 8 × 3 years
27 times in = 24 years