1.

iseli300at4%for3yearssmont(n) final amountp.a.ow long will it take a certain sum of money to triple itself at 133% per annumsimple interest?yoars At the same

Answer»

SI = P*R*T/100

Let P = a, SI = 2a, R = 40/3%,T =?

Then,2a = (a*40/3*T)/100T = 2*100*3/40T = 15 years



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