Question

How long will it take a certain sum of money to triple itself at 13 1/3 per annual simple interest

Answer 1

R= 13 1/3 = 40/3

Let P= Rs 100

A= Rs 3×100=300

SI = A-P= 300-100= Rs 200

T=(SI×100)/(P×R)

=(200×100)/(100×40/3)

=15 years