How many long it will take RS 1000 to triple itself at 5% simple interest
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principal = ₹1000
rate of interest = 5%
interest = 3p or ₹3000
time period = t
I = p×r×t /100
3000 =1000×5 t/100
50t = 3000
t =3000÷50
t= 60
time period is 60 years
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