Accountancy, asked by gargnancy061, 4 months ago

The compound interest on J100 101
1) In what time will a sum of money treble itself at 13% p.a. compound interest
treble itself at 4% p.a. compound interest.

Answers

Answered by rujhancaravan47

0

Explanation:

Relation used:

(n-1) x 100 = rt

Now n = 3, r= 16%

(3 - 1) x 100 = 16t

t = 200/16 = 12.5 years

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