1. The amount triples itself under Compound interest in 4 years. In how many years will it become 27 times of it?
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By: anil on 05 May 2019 01.13 am
The amount gets tripled in 4 years. In case of compound interest, the amount will become $$3^n$$ times in $$4n$$ years => Final amount = $$27=(3)^3$$ Thus, after $$4 imes3=12$$ years, amount will become 27 times. => Ans - (A)
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