Step 1: Formula for Time Period and Gravity:
Time period of a simple pendulum: $T = 2\pi \sqrt{\frac{L}{g}}$.
Acceleration due to gravity at height $h$: $g' = \frac{GM}{(R_E + h)^2}$.
Thus, $T \propto \frac{1}{\sqrt{g'}} \propto \sqrt{(R_E + h)^2} \propto (R_E + h)$.
Step 2: Calculate for given heights:
Case 1: $h_1 = 2R_E$. Distance from center $r_1 = R_E + 2R_E = 3R_E$.
$T_1 \propto 3R_E$.
Case 2: $h_2 = 3R_E$. Distance from center $r_2 = R_E + 3R_E = 4R_E$.
$T_2 \propto 4R_E$.
Step 3: Calculate Ratio:
\[ \frac{T_1}{T_2} = \frac{3R_E}{4R_E} = \frac{3}{4} \]
Ratio is $3:4$.