How long will it take 100 to triple itself at 5% simple interest
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Answer:
answer let us consider principle amount is 100 then triple itself means it is 300 so if amount is 300 then simple interest is 200 then we got SI is rs200
Step-by-step explanation:
- SI=PTR/100
- 200= 100*T*5/100
- 200=500T/100
- 200*100=500T
- 20000=500T
- therefore T=20000/500
- T=40
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