Quant Question Of The Day: 234
A sum of money becomes 4 times under compound interest in every 6 years. In how many years the money will become 32 times of itself
- 48 years
- 18 years
- 15 years
- 24 years
A sum of money becomes 4 times under compound interest in every 6 years. In how many years the money will become 32 times of itself
Anwer: (3) 15 years Solution: px^6 = 4p (where x= (1+r) x^3 = 2 now it will be become 32, when power is raised to 5 on both sides x^15 = 32 hence after 15 years money will become 32 times of itself
New Question: Coordinate Geometry
good information
By Những dòng bồn cầu thông minh ... , 1 month ago
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