Aptitude - Compound Interest - Discussion

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Q.

If a sum of money grows to 144/121 times when invested for two years in a scheme where interest is compounded annually, how long will the same sum of money take to treble if invested at the same rate of interest in a scheme where interest is computed using simple interest method?  .                          
A. 9 years B. 22 years
C. 18 years D. 33 years

Answer: Option B
Explaination:

 


Discussion

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