7. Number of years in which a sum of money treble itself
when rate of interest being 5% is :
Answers
Answered by
0
Let’s take an example, assuming your principal is 1000 at 5% for 40 years
Principal=Rs 100
If it is triple, then amount=Rs 300
And interest= 300–100= Rs 200
Therefore time= Interest/Rate=200/5= 40 year
Similar questions