A sum of money lent out at CI at a certain rate p.a becomes 3times of it self in 8 years . find how many year will the money becomes 27 times of itself at same rate of intrest p.a
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You have to do by trial and error method and assumption figures.
Rate will be appx 15%
time will be appx 24 years
Rate will be appx 15%
time will be appx 24 years
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