Business Studies, asked by Pranav6379, 11 months ago

A sum of money triples itself at 8 % per annum over a certain time. Find the number of years.

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Answered by Evilxblesson

Answer:

years. What is the rate of interest? If a sum of money (P) triples itself in 8 years… then that makes the Simple Interest (I) = 2P. Hence 2 = 8R/100 and R = 200 ÷ 8 = 25.

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