Math, asked by jai3645, 21 hours ago

In how many years will a sum become triple of itself at rate of 5% p.a. simple interest.

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Answered by sonalikabhruw

Answer:

Originally Answered: In how many years will a sum of money triple itself, the rate of interest being 5% per annum? Considering 5% interest compounded yearly, it takes 115/5= 23 years for the principal amount to triple

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In how many years will a sum become triple of itself at rate of 5% p.a. simple interest.​

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In how many years will a sum become triple of itself at rate of 5% p.a. simple interest.