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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

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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

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

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