Question

find the rate of interest by which is sum will triple itself in 16 years​

Answer 1

Answer:

[tex]r=12.5%

principle is x

amount is 3x

SI is 3x-x=2x

time 16year

SI=prt/ 100

2x=x*r*16/100

r=(2x*100)/(16*x)

r=12.5%