principal amount Triple itself at 8% annual over a certain time.find the number of years?
Answers
Answered by
2
Step-by-step explanation
A = p * ( 1 + RT/100 )
3p = p * ( 1 + 8T/100 )
3 = 1 + 8T/100
2 = 2T/25
1 = T/25
T = 25 years
Answered by
1
Answer:
25
Step-by-step explanation:
Let the principal amount be P
Given :
Amount ( A ) = Triple the Principal amount = 3P
Rate of interesf = 8 %
Time ( T ) = ?
We know that
⇒ A = P( 1 + TR / 100 )
⇒ 3P = P( 1 + 8T / 100 )
⇒ 3 = 1 + 8T / 100
⇒ 3 - 1 = 2T / 25
⇒ 2 = 2T / 25
⇒ 1 = T / 25
⇒ 25 = T
Therefore the number of years are 25 years.
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