Question

at what rate of interest will 2500 triple itself in 16 year​

Answer 1

Answer:

A s per the simple interest rate formula ,

A=P(1+RT)

or,3P=P(1+16R)

OR 16R=2 or R=0.125or 12.5%

Thus the answer is 12.5%

which means a sum will triple itself in 16 [email protected]%