(a) Find the number of years and the fraction of a year in which a sum of money will treble itself at compound interest at 8 per cent per annum. (b) In what time will a sum of Rs. 1234 amount to Rs. 5678 at 8% p.a. compound interest, payable quarterly?
(a) Find the number of years and the fraction of a year in which a sum of money will treble itself at compound interest at 8 per cent per annum. (b) In what time will a sum of Rs. 1234 amount to Rs. 5678 at 8% p.a. compound interest, payable quarterly?
