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?
Question
Solution 1
The problem is based on the formula for simple interest, which is I = PRT, 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, we can say that the interest earned in 10 years is equal to the principal amo Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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