Question

3. In what time will a sum of money treble itself at 16 % p.a. at simple interest?​

Answer 1

Answer:

12.5 years

Step-by-step explanation:

Let the time be x

So, P+(PRT/100) = 3P

=> (P×16×x)/100 = 2P

=> 16x/100 = 2

=> x = 200/16

=> x = 12.5 Years

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