at what rate per annum will the principle triples
in 16 years
Answers
Answered by
1
Answer:
12.5 is the answer
Step-by-step explanation:
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Answered by
7
Answer:
Let Rsx be the sum, then according to question, the amount will be Rs3x. Then simple interest will be,
S.I.=Amount−Principle
=3x−x
=2x
The time is given as 16 years.
S.I.=100P×R×T
2x=100x×R×16
R=x×162x×100
R=12.5%
Step-by-step explanation:
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