Accenture
Company
Numerical Ability
Simple & Compound Interest
A sum of money triples itself at compound interest in 3 years. In 9 years it will be
a)6 times the principal b)12 times the principal
c)18 times the principal
d)27 times the principal
Read Solution (Total 6)
-
- let principal=100
100 becomes 300 in 3 yrs
300 becomes 900 in another 3 yrs
900 becomes 2700 in another 3 yrs
_______
9 yrs
hence amount is 27 times principal.
- 9 years agoHelpfull: Yes(38) No(0)
- 3p=p(1+r/100)
now as per ques 3p^3=(p(1+r/100))^3
thus (1+r/100)=27,,,, hence ans is 27 times the pricipal.
Hope it will help you pratik - 9 years agoHelpfull: Yes(6) No(2)
- p(1+ r/100) ^n=ci
p(1+r/100) ^ 3=3p
(1+r/100) ^3=3
p(1+r/100) ^9=p(3)^3
27 times - 9 years agoHelpfull: Yes(3) No(3)
- rate is constant.
in every 3 years, P(=sum of money) triples itlsef i.e. 3P.
so, in first 3 years, P=3P
in second 3 years, P=3P*3=9P
in third 3rd years, P=9P*3=27P
so, answer is d) 27 times the principal. - 7 years agoHelpfull: Yes(2) No(0)
- Let the principal be x
Amount in 3 years=3x
3x=x(1+r/100)^3
(1+r/100)^3=3
In nine years amount=x(1+r/100)^9
=x3^3
=27x
Answer option d - 8 years agoHelpfull: Yes(1) No(0)
- d as c.i= p[1+r/100]^time
so 3p = p[1+r/100]^3 => 3= [1+r/100]^3
and c.i = p[1+r/100]^9
using 2nd equtaion answer is 3*3*3= 27 - 8 years agoHelpfull: Yes(0) No(0)
Accenture Other Question