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

Answered by  | 7th Jul, 2013, 10:24: PM

Queries asked on Sunday & after 7pm from Monday to Saturday will be answered after 12pm the next working day.