Question

A certain amount of money becomes double in 5 years. In how many years will it be the triple if the interst rate remains same?​

Answer 1

Step-by-step explanation:

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Let money be x

It double (2x) in 5 years2x=5x=5/2x=2.5

Money get triple in (5+2.5)years =7.5yearsOr 7 years 6 month

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