in how many years a sum will be 3 times at the simple rate of interest 5% per year?
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Step-by-step explanation:
let the principal be p and amount be 3p
p=a-i
=3p-p
=2p
si = prt/100
2p = 2p×5×t/100
2p/2p×5×t=100
5t=100
t=100/5
t=20years
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