In how many years will a sum of money triple itself when it is invested at an interest rate of 3% with continuous compounding?
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2 marks, −1MathematicsQuantitative aptitude and data reasoningInterest, growth rates and compoundingEasyabout 1 min
JNU SIS 2018 Question 5: Quantitative aptitude and data reasoning
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Quantitative aptitude and data reasoning has come up 92 times in 6 exams since 2008.
What this question tests
This question is on Interest, growth rates and compounding, part of Quantitative aptitude and data reasoning in Mathematics.
Simple and compound interest and the growth-rate measures used for economies.
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Question from the JNU SIS 2018 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.