A sum of money increased by 56.25% in 2 years, when lent at a certain rate of compound interest, interest being compounded annually. If the same sum is lent at simple interest at the same rate of interest, in how many years would it become 11 times itself?

Options
- 27
- 30
- 40
- 48


CORRECT ANSWER : 40

Discussion Board
solution

please give the solution

ananya 11-6-2017 01:24 AM

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