In what time will a sum triple itself at 12.5 interest rate per annum
Answers
Answered by
2
Step-by-step explanation:
let the sum is 100
rate 12.5
interest 200
time=(200×1000)÷(100×125)
=2000÷125
=16
time is 16 years
Answered by
0
Answer:
Step-by-step explanation:
where i is intrest
p is principal
r is rate
t is time
now you want to triple the money.that means I=2P.
hence 2P=P*R*T/100
2*100=15*T
Hence 200/15=13.33 year or 13 year and 4 months
so the answer will be 13 year and 4 months
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