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A Sum of Money Lent Out at C.I. at a Certain Rate per Annum Becomes Three Times of Itself in 10 Years. Find in How Many Years Will the Money Become Twenty-seven Times - Mathematics

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प्रश्न

A sum of money lent out at C.I. at a certain rate per annum becomes three times of itself in 10 years. Find in how many years will the money become twenty-seven times of itself at the same rate of interest p.a.

योग
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उत्तर

Let Principal be Rs y and rate= r%
According to 1st condition
Amount in 10 years = Rs 3y

∴ A = P`( 1 + r/100 )^n`

⇒ 3y = y `( 1 + r/100 )^10`

⇒ 3 =`( 1 + r/100 )^10`               ...(1)

According to 2nd condition
Let after n years amount will be Rs 27y

∴ A = P`( 1 + r/100 )^n`

⇒ 27y = y `( 1 + r/100 )^n`

⇒ (3)^3 =`( 1 + r/100 )^n`

Put value from first equation

⇒ `[( 1 + r/100 )^10]^3 = ( 1 + r/100)^n`

On comparing, we get
n = 10 x 3 = 30 years

shaalaa.com
Concept of Compound Interest - When the Time is Not an Exact Number of Years and the Interest is Compounded Yearly
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Compound Interest (Using Formula) - Exercise 3 (D) [पृष्ठ ५३]

APPEARS IN

सेलिना Concise Mathematics [English] Class 9 ICSE
अध्याय 3 Compound Interest (Using Formula)
Exercise 3 (D) | Q 7 | पृष्ठ ५३

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