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A sum of money at compound interest amounts to thrice of itself in 3 years. In how many years it will be 9 times of itself?
Answer & Solution
Correct Answer:
Option
C
x becomes 3x in 3 years
Therefore 3x also becomes 9x in 3 years
Required years = 3 + 3 = 6
Therefore 3x also becomes 9x in 3 years
Required years = 3 + 3 = 6
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