at what rate percent of simple interest will a principal triple itself in 16 years
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Answered by
2
Answer:
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Answered by
5
Answer:
Let sum is x
After 3 years its becomes triple itself then
Amount = 3x
Interest =3x−x=2x
Time = 16 years
Rate = R
Interest=
100
PTR
⇒2x=
100
x×16×R
⇒R=
16
2×100
=12.5%
Step-by-step explanation:
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