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A sum becomes 3 times in 5 years at comp...

A sum becomes 3 times in 5 years at compound interest. In how many years the same sum will became 9 times?

A

5

B

10

C

15

D

20

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to determine how long it will take for a sum of money to become nine times its original amount at compound interest, given that it becomes three times its original amount in five years. ### Step-by-Step Solution: 1. **Understand the Problem**: - We know that a sum of money (let's call it P) becomes three times its original amount in 5 years. This means: \[ A = 3P \] - We need to find out how many years it will take for the same sum to become nine times its original amount: \[ A = 9P \] 2. **Identify the Relationship**: - The relationship between the amount and time in compound interest can be understood as follows: - If the amount becomes three times in 5 years, then it can be inferred that it will take another 5 years to become nine times. - This is because: \[ 3P \text{ (after 5 years)} \rightarrow 9P \text{ (after another 5 years)} \] 3. **Calculate the Total Time**: - Since it takes 5 years to go from P to 3P, and another 5 years to go from 3P to 9P, the total time taken will be: \[ 5 \text{ years} + 5 \text{ years} = 10 \text{ years} \] 4. **Conclusion**: - Therefore, the time taken for the sum to become nine times its original amount is **10 years**. ### Final Answer: The sum will become nine times in **10 years**.
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