Question

at what time willa sum of money put at 12% simple interest treble itself​

Answer 1

Answer:

The quotient is the amount of time it will take you to triple your money. For example, if your money earns an 8 percent interest rate, it will triple in 14 years (115 divided by 8 equals 14.3). If your money earns a 5 percent interest rate, it will triple in 23 years (115 divided by 5 equals 23).