please answer the question. Sum of money at simple interest Doubles itself in 8 years 4 months in how much time will it triple itself .
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Step-by-step explanation:
Let the Principal be P and rate be R% p.a. Given, time = 8(1/3) yrs = 25/3 yrs. Then, Simple Interest = P x R x (25/3) / 100 = P => R = 100 x 3 / 25 = 12 Thus, time taken for the money to triple, i.e., ...
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16 years 8 months . Hope this answer will help you.
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