Question

44. In what time, at simple interest will a SUM
of money treble itself at 10%?
(1 Point)​

Answer 1

Step-by-step explanation:

At 16% per annum simple interest, if the principal were to get trebled, then the interest earned should be 200%(100 principal + 200 interest =300).

So it will take 12.5 years to get 200% interest at 16% p.a. (200/16=12.5)