Solution:

1. It would take 7 minutes for 3 monkeys to eat 3 bananas; and

2. it would take 7 monkeys 14 minutes to eat 14 bananas.

Food for thought:

What assumptions are made in arriving at the solution?

Does one assume that 7 monkeys take 1 minute to eat 1 banana and that all bananas are consumed at the same pace?

Or does one assume that 1 monkey takes 7 minutes to eat 1 banana and that all monkeys eat at the same pace?

Think it over!