At 25 percent per annum interest in how many years the simple interest on a sum of money treble itself?
Answers
Answered by
28
put that principal =100
then R = 25%
triple principal of many years so
principal+interest= 300
100+interest= 300
then interest= 200
now
200=(100*t*25)÷100
t= (200*100)÷(100*25)
t= 8 years
means in 8 years principal is trible
then R = 25%
triple principal of many years so
principal+interest= 300
100+interest= 300
then interest= 200
now
200=(100*t*25)÷100
t= (200*100)÷(100*25)
t= 8 years
means in 8 years principal is trible
Answered by
14
Answer: It takes 8 years to treble the sum of money at 25% p.a.
Step-by-step explanation:
Let the principal amount be 'P'.
Rate of interest = 25% p.a.
Amount becomes triple i.e. 3P.
So, Interest becomes
So, using the "Simple interest ":
Hence, it takes 8 years to treble the sum of money at 25% p.a.
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