Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

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 ?

Options:

18 years

27 years

23 years

24 years

Correct Answer:

24 years

Explanation:

3 times in = 8 years

33 time in = 8 × 3 years

27 times in = 24 years