A sum of money lent out at C.I. at a certain rate per annum becomes three times of itself in 8 years.Find in how many years will the money become twenty-seven times of itself at the same rate of interest p.a.
Asked by | 7th Jul, 2013, 08:50: AM
Expert Answer:
Let the sum of money be Rs P and the rate of interest be r % p.a.
Amount at the end of 8 years = Rs 3P
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Let the sum of money be Rs P and the rate of interest be r % p.a.
Amount at the end of 8 years = Rs 3P
Answered by | 7th Jul, 2013, 10:24: PM
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