a sum of money doubles in 20 years on simple interest, it will triple at the same rate in how many years?
Question
Solution 1
To find out how many years it will take for the sum of money to triple at the same rate of simple interest, we can use the formula for simple interest:
I = P * r * t
Where: I = Interest earned P = Principal amount (initial sum of money) r = Interest rate per year t = Time in years
In this case, w 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 doubles in 20 years on simple interest, it will triple at the same rate in how many years?
A sum of money (P) doubles in 10 years. In how many years it will be triples at the same rate of simple interest?
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
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