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    Question

    Quantity I. A sum of money becomes tripple in 4 years at

    compound interest, compounded annually. In how many years it will become 9 times? Quantity II. What must be the rate of interest if a given amount tripled itself in 20 years? Study the following information carefully and answer the Questions given below:
    A Quantity I < Quantity II Correct Answer Incorrect Answer
    B Quantity I > Quantity II Correct Answer Incorrect Answer
    C Quantity I тЙд Quantity II Correct Answer Incorrect Answer
    D Quantity I тЙе Quantity II Correct Answer Incorrect Answer
    E Quantity I = Quantity II or no relation can be estblished Correct Answer Incorrect Answer

    Solution

    Quantity II. Since the amount was Rs 100. It becomes Rs 300 in 20 years. Rs 300 тАУ Rs 100 = Rs 200 interest In 20 years, interest is Rs 200 In 1 year, the interest is Rs 200/20 Rate of interest = 10% per annum Hence Quantity I < Quantity II

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