A sum of money is double in 20 years at simple interest
in how many years it will be triple
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Answer:
sum of money doubled in 20 year mean
if p =, amount after =20
year =200, interest=100
- I=P × R × I
- 100=100 × R ×20
- 100
- 100=R
- 20
now 4 time means if P = 100, A = 200 means interest should be 300 T=?,
=I=P ×R ×T
100
=300=100 ×5 × T
100
in 60 years.
(alternate method)
in 20 year double means if P=100,A=200,I=100
now 4 time means if P=1000,A=400,I=300
time for I 100=20 year
time for I=300=20×300
100
=60 years
Answered by
0
Answer:
= 60 years
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