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