A sum of money at compound interest becomes 3 times in 6 years. How many years will it take to become 27 times? MCQ with Answer and Explanation

A sum of money at compound interest becomes 3 times in 6 years. How many years will it take to become 27 times?
A. 12 years
B. 18 years
C. 15 years
D. 24 years
Answer: Option B
Solution (By JKSSB Mock Tests)
3^3=27. Since 3 times in 6 years, 27 times = 3 intervals = 18 years.

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Practice More Percentage Questions

Question #1
The value of a property depreciates at 10% per year. If its value after 2 years is Rs. 1,62,000, what was its original value?
A. Rs. 1,90,000
B. Rs. 2,10,000
C. Rs. 2,00,000
D. Rs. 1,80,000

Correct Answer: Option C


Explanation:
Original × 0.9 × 0.9 = 162000 → Original = 162000/0.81 = 200000.

This question belongs to: Maths Percentage
Question #2
20% of 500 is:
A. 110
B. 100
C. 80
D. 90

Correct Answer: Option B


Explanation:
0.2 × 500 = 100.

This question belongs to: Maths Percentage
Question #3
Price reduced 20%, enables buying 5 kg more for Rs. 120. Reduced price/kg:
A. Rs. 3.2
B. Rs. 5
C. Rs. 4
D. Rs. 4.8

Correct Answer: Option A


Explanation:
Original x, xy=120. New 0.8x(y+5)=120 → 0.8×120 + 4x =120 → 96+4x=120 → 4x=24 → x=6, reduced 4.8? Wait: original x=6, reduced price = 0.8*6=4.8, option C. Check: original 6 per kg, 20 kg for 120. Reduced 4.8, buys 25 kg for 120, 5 kg more. So reduced price = 4.8. Option C. So answer C.

This question belongs to: Maths Percentage