Question

At what rate the sum of money will became 3 times the principal in 10 years ?
Plss tell

Answer 1

Answer:

10%

Step-by-step explanation:

use formula

RATE=(SIx100)/PxT

Answer 2

Answer-

12 years is the correct answer.

Step by step:-

Simple Interest SI= 100

PNR

Given, AmountA=3P

=>P+SI=3P

=>P+

100

P×3×R

=3

=>R=

3

200%

Now,

For , AmountA=9P

=>P+SI=9P

=>P+

100

P×N×

3

200

=9P

=>

3

2N

=8

=>N=12 years

_____________________