At what rate of interest, does a sum of money becomes 27 times itself in three years compounded annually, what is rate of interest?
At what rate of interest, does a sum of money becomes 27 times itself in three years compounded annually, what is rate of interest? a. 100% b. 250% c. 200% d. 150% e. 300% Sol: Let the principal amount be ‘P’ and rate of compound interest be ‘R’ then, 27P = P * (1 + […]










