At25% annum intrest in how many years the simple intrest on a sum of money treble itself
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In twelve years the interest will be treble.
SuhaniM:
Sorry, eight years
but answer is shown here 8 years
how please solve it
please let me show the steps
please any one solve this problem with there steps
Give me two mins
Let x be the principal amt. Interest per year is 1/4 or 25%. So in four years (1/4 x 4/1=4) the interest will be equal to principal. So the amt is double. In another four years, sum will be treble. So answer is eight years. I meant to type eight in the answer. Sorry.
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