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Question

Mathematics Question on SI & CI

If a certain sum invested on compound interest becomes 3 times in 4 years, then the no. of years in which this sum will become 27 times at the same rate of interest is -

A

16 years

B

18 years

C

15 years

D

12 years

Answer

12 years

Explanation

Solution

The correct answer is (D): 12 years