A sum of money at simple interest double itself in 8 years 4 months. In how much time will it triple itself ?
Answers
Answered by
9
հҽɾҽ ís մɾ αղsաҽɾ
⬇️⬇️⬇️⬇️⬇️⬇️⬇️
Amount = Principal + Interest
Let P = 100
Then A=200
so
200=100+ (100*r* 25 )/3*100
(100*300)/25*100=R
12%= R
The amount will triple in
300= 100 + (100*12*T)/100
(200*100) /100*12=T
16 years 8 months = T
ɧԾρe ɿԵ ɧeʅρՏ ՎԾՄ
Answered by
0
In 16 years 8 months, the sum of money at simple interest will triple itself.
Step-by-step explanation:
- Given: A sum of money at simple interest double itself in 8 years 4 months.
- To solve: In how much time, the sum of money at simple interest will triple itself.
Solution:
- Let the sum of money at simple interest be 100 rupees.
- As per the given statement, we will get 200 rupees in 8 years and 4 months.
- Here we need to get triple the amount of 100.that is 300 rupees.
- Since the amount is in simple interest, the interest will be the same.
- Therefore, simply add the 200 with 100 and also add the year’s, we get
200+100 = 8 years and 4 months+ 8 years and 4 months.
300 = 16 years 8 months .
- Hence, the answer is 16 years 8 months.
Similar questions