Question

At what percent will a sum of me
3 times of it self in 10 years.​

Answer 1

Answer:

a.if compounded =11.6%

3p = p ( 1+ x%) power 10

3 power 1/10 = 1+ x%

x% = 3power1/10 - 1 = 11.6 %

b. if simply then 20%

2p = px r x 10/100

rate = 20%