Question

The rate at which a sum at simple
interest will treble itself in 8 years is​

Answer 1

Answer:

Step-by-step explanation:

Answer: 25% is the rate of interest when principal amount triples in 8 years.

Formula: Interest =

where P – principal, N – number of years, R – rate of interest.

Given the money triples itself = 3P

Solution:

Hence the original interest of money we get = 3P – P = 2P

Simple Interest =

The rate of interest is 25% where the principal amount triples itself.

Read more on Brainly.in - https://brainly.in/question/1398355#readmore