MCQOPTIONS
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| 1. |
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? |
| A. | 9 years |
| B. | 22 years |
| C. | 18 years |
| D. | 33 years |
| Answer» C. 18 years | |