at what rate of simple interest , will a sum of money triple in 10 years.
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Answer:
20%
Step-by-step explanation:
We have,
Let p=x, A=3x.T=10 years,
SI=A−P
=3x−x
=2x
R= SI×100/P×T
R= 2x×100/x×10
R=20%
Hence, this is answer.
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