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675 - Math - Problem Solving

Math - Problem Solving MCQ No. : 25055

Question: 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?

  1. 9 years
  2. 22 years
  3. 18 years
  4. 33 years

Correct Answer: B

Explanation:

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