The principal , at a certain rate of interest, doubles in 5 years by the simple interest. In how many years, the same principal with the same rate of interest becomes five times?
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Your interest payments will be $5 per year no matter how many years the initial sum of money stays in a bank account. This calculator can be used to solve various types of simple interest problems. The calculator will print easy to understand step-by-step explanation .
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Answer:
since i 5 years it doubles ...
then asking about how many years??
we have,. that 5 * 5 times
that is 5*5 = 25 years
hope this helps ❤️❤️❤️
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