At what rate of simple interest will a sum of money trebles itself in 40 years?


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A sum of money trebles (i.e., ...

Updated On: 27-06-2022

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Text Solution

`12%``40/3%``(50)/3%`can't be determined.

Answer : B

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At what rate of simple interest will a sum treble itself in 20 years?

Hence, rate of interest is 10%.

In what time at simple interest will a sum of money triples?

⇒T=x×152x×100=340=13. 3 years.

At what rate of simple interest will a sum of money triple itself in 10 years?

∴ The annual rate of interest is 20%.

At what rate of simple interest will a sum of money treble itself in 25 years?

Answer. rate of interest is 8%.

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