Mr. Kaushik invested ₹1,00,000 in a bank that offers a simple interest rate of 10% per annum. After how many years will his investment triple?
Question
Solution 1
To find out when Mr. Kaushik's investment will triple, we need to use the formula for simple interest, which is:
I = PRT/100
Where: I = Interest P = Principal amount (the initial amount of money) R = Rate of interest T = Time period
In this case, we know that the principal amount (P) is ₹1,00,000 Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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