Question

A sum of money triples itself in 8 years at a certain rate of SI. How long will it take for it to become 5 times at the same rate of interest?

Answer 1

Answer:

16 year

Step-by-step explanation:

Let the principal be 100

amount be 300

rate=200×100

100×8

=25%

five times=500

time=400×100

100×25

=16 year