Question:
If a certain sum invested on compound interest becomes 3 times in 4 years, then the no. of years in which this sum will become 27 times at the same rate of interest is -
If a certain sum invested on compound interest becomes 3 times in 4 years, then the no. of years in which this sum will become 27 times at the same rate of interest is -
Updated On: Mar 22, 2024
- 16 years
- 18 years
- 15 years
- 12 years
Hide Solution
Verified By Collegedunia
The Correct Option is D
Solution and Explanation
The correct answer is (D): 12 years
Was this answer helpful?
0
0
Top Questions on SI & CI
- Ramesh invests 1,200 at 5% simple interest. How much additional money must he invest at 8% simple interest so that his total annual income will be equal to 6% of his total investment during this year?
- Aman invests Rs 4000 in a bank at a certain rate of interest, compounded annually.If the ratio of the value of the investment after 3 years to the value of the investment after 5 years is 25 : 36, then the minimum number of years required for the value of the investment to exceed Rs 20000 is
- Anil invests Rs 22000 for 6 years in a scheme with 4% interest per annum, compounded half-yearly. Separately, Sunil invests a certain amount in the same scheme for 5 years, and then reinvests the entire amount he receives at the end of 5 years, for one year at 10% simple interest. If the amounts received by both at the end of 6 years are equal, then the initial investment, in rupees, made by Sunil is
- An amount of Rs 10000 is deposited in bank A for a certain number of years at a simple interest of 5% per annum. On maturity, the total amount received is deposited in bank B for another 5 years at a simple interest of 6% per annum. If the interests received from bank A and bank B are in the ratio 10 : 13, then the investment period, in years, in bank A is
- S invested 22,000 for 6 years at a 4% rate compounded half-yearly. B also invested a certain amount of money for 5 years in the same scheme and then reinvested it for a year at a 10% rate of simple interest. If their total amounts become the same after 6 years, what was B’s initial investment?
View More Questions
Questions Asked in CUET PG exam
- Find out the degree of the differential equation \(\frac {d^2t}{ds^2}+(\frac {dt}{ds})^2+2t=0\)
- CUET (PG) - 2023
- Differential Equations
- The surface area of the sphere x2 + y2 + z2 = 9 lying inside the cylinder x2 + y2 = 3y is
- CUET (PG) - 2023
- Surface Area of Cube, Cuboid and Cylinder
- The Ombudsman in a newspaper organisation represents the point of view of the ___.
- CUET (PG) - 2023
- Journalism
- The orthogonal trajectories of the family of curves y = \(ax^3\) is
- The minimum distance of the point (3, 4, 12) from the sphere x2 + y2 + z2 = 1 is
- CUET (PG) - 2023
- Coordinate Geometry
View More Questions