A sum of money (P) doubles in 10 years. In how many years it will be triples at the same rate of simple interest?Options20301015
Question
Solution 1
The problem is based on the formula for simple interest, which is I = PRT/100, where I is the interest, P is the principal amount, R is the rate of interest, and T is the time.
Given that the sum of money doubles in 10 years, this means that the interest earned in 10 years is equal to the principal 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
Similar Questions
A sum of money (P) doubles in 10 years. In how many years it will be triples at the same rate of simple interest?Options20301015
A sum of money (P) doubles in 10 years. In how many years it will be triples at the same rate of simple interest?
elect the correct answerA sum of money (P) doubles in 10 years. In how many years it will be triples at the same rate of simple interest?
Select the correct answerA sum of money (P) doubles in 10 years. In how many years it will be triples at the same rate of simple interest?Options30152010
a sum of money doubles in 20 years on simple interest, it will triple at the same rate in how many years?