How long does it take a principal payment to triple at a simple interest rate of 6%?
Answers
Answered by
0
Answer:
50 years
Step-by-step explanation:
prt/100=3p
r=6%
t=50
Answered by
11
Step-by-step explanation:
let principal =100
then 100×6×t/100=6t
three times of 100=3×100=300
because payment triple
interest=300-100=200
interest=6t
6t=200
t=200/6=100/3
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