Question

At what rate of interest per annum will an amount of money triple itself in 20 years

Answer 1

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Answer 2

Answer:

20 %

Step-by-step explanation:

We have,

Let p=x, A=3x.T=10 years,

SI=A−P

=3x−x

=2x

R=

P×T

SI×100

R=

x×10

2x×100

R=20%

Hence, this is answer.