at what rate of interest will my money triple itself in 8 years?
Answers
Answered by
1
sir if u have to find rate u have required fomula
100xsi /PxT
100xsi /PxT
Answered by
2
let the money be P
and rate be R
Now
P+P×R×8÷100=3P
P(1+R8÷100)=3P
(100+8R)=3×100
8R=200
R=200/8
R=12.5
and rate be R
Now
P+P×R×8÷100=3P
P(1+R8÷100)=3P
(100+8R)=3×100
8R=200
R=200/8
R=12.5
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