Question

A sum of money at compound interest amounts to thrice itself

Answer 1

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❏X' becomes '3X' in 3 years, ∴ '3X' becomes ' 9X' in (3 + 3) = 6 years. A sum of ₹ 3,200 invested at 10% p.a. compounded quarterly amounts to ₹ 3,362.

Answer 2

Explanation:

Hello,

here is your answer

X' becomes '3X' in 3 years, ∴ '3X' becomes ' 9X' in (3 + 3) = 6 years. A sum of ₹ 3,200 invested at 10% p.a. compounded quarterly amounts to ₹ 3,362.

hope it helps u