Question

Determine the time duration for which the deposit amount
becomes thrice of itself, if the rate of interest given by the
bank is 10%?
Options
0 20 years
15 years
O 5 years
O 10 years
Clear Response​

Answer 1

Answer:

The answer is 15 years.

Answer 2

Answer:

The correct answer is 20 years.

Step-by-step explanation:

l=prt/100

if the principal is x then interest will be (3x—x)=2x

Then 2x=(x×10×t)/100

200=10t

t=20

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