Question

at what rate of simple interest , will a sum of money triple in 10 years.

Answer 1

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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