find the rate at which a sum of money will triple itself in 2 years if the interest is compounded annually.
Answers
Answered by
4
Answer:
We have,
Let p=x,
A=3x.
T=10 years,
SI=A−P
=3x−x
=2x
r = SI ×100
P×T
r = 2x × 100
x × 10
R=20%
Hence, this is answer.
hope itz help you ..,
Similar questions