Math, asked by einstien9737, 10 months ago

at what rate of interest a sum of money will treble itself in 12 and half years

Answers

Answered by khushilm15

Answer:

If you really mean “simple interest for the entire 12 year period” then the interest rate is 8.3333%. That's because, in simple interest, you literally mean that you NEVER earn interest on the interest. So you earn the same amount of interest each year

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