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A man invested \(\$P\) in a certain bank at the rate of \(r\%\) per annum compounded annually. If the amount becomes

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by AAPL » Thu Sep 26, 2024 4:34 pm

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A man invested \(\$P\) in a certain bank at the rate of \(r\%\) per annum compounded annually. If the amount becomes \(1.44\) times of itself in \(n\) years, what is \(n?\)

1. \(r=20\%\)

2. At the same rate of interest the amount becomes \(1.728\) times itself in \(3\) years

OA D
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Source: — Data Sufficiency |