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Question

A certain amount of money deposited for simple interest becomes 3 times in 3 years. in how many years will that amount be 27 times the amount if it is given for the same rate of interest

A
39
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B
6
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C
12
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D
10
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Solution

The correct option is A 39
Given, A sum of money become 3 times in 3 years.
Simple Interest =P×R×T100...eq.1
given P is 3 times = P + P + P
P×R×T100=2P
R×T100=2R×3=200R=2003R=66.66
Now, 27 times By put in equation 1.
26P=P×2003×T10026=200×T3×100T=26×32T=39
option A is correct.


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