In what time will a sum of money triple itself at the rate of 16%pa?pl

1.	In what time will a sum of money triple itself at the rate of 16%pa?please answer
Answer» ANSWER: A sum of money triple itself at 16% p.a. at SIMPLE interest in 12.5 YEARS Step-by-step explanation: LET the sum of money be x Amount = 3x Simple interest = Amount - Principal = 3x X=2x Rate of interest = 16% Si = PXT R 100 2x XxTx16 100 200 16 T 12.5 =T Hence A sum of money triple itself at 16% p.a. at simple interest in 12.5 years

In what time will a sum of money triple itself at the rate of 16%pa?please answer

Answer»

A sum of money triple itself at 16% p.a. at SIMPLE interest in 12.5 YEARS

Step-by-step explanation:

LET the sum of money be x

Amount = 3x

Simple interest = Amount - Principal = 3x

X=2x

Rate of interest = 16%

Si = PXT R 100

2x XxTx16 100

200 16 T

12.5 =T

Hence A sum of money triple itself at 16% p.a. at simple interest in 12.5 years