Math, asked by soumyasharma14811, 8 months ago

9. In how much time will a sum of money triple itself if invested at 8% simple interest per annum? Please answer as fast as possible and step by step

Answers

Answered by eshikanahata

4

Answer:

25 yrs

Step-by-step explanation:

Take principal to be x

amount = 3x

rate = 8%

interest = 3x - x =2x

I = PRT/100

2x = (x * T* 8)/100

50x = 2xt

50 = 2t

t = 50/2 = 25yrs

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