At what rate of simple interest will a sum triples itself in 20 years?
Table of Contents
- 1 At what rate of simple interest will a sum triples itself in 20 years?
- 2 How long in years will it take a sum of money to triple if it earns 6\% simple interest?
- 3 At what interest rate does a sum of money double itself in 10 years in simple interest?
- 4 At what rate percent will a given sum of money will treble itself in 25 years?
- 5 At what rate of simple interest will a sum of money be tripled in 16 years?
- 6 How long will it take a certain sum of money to triple itself?
At what rate of simple interest will a sum triples itself in 20 years?
Answer Expert Verified At 5\% simple interest, a sum of money doubles itself in 20 years.
How long in years will it take a sum of money to triple if it earns 6\% simple interest?
To the nearest year, it will it take 18 years for an investment to triple, if it is continuously compounded at 6\% per year.
At what rate of simple interest will a sum of money triples itself in 10 years?
Detailed Solution Money triple in 10 years. Calculation: Let the principal be ‘x’. ∴ The annual rate of interest is 20\%.
How long in years will it take any sum of money to triple itself at 5\% simple interest?
40 years
The sum of money triples itself. ∴ The number of years by which a sum will triple itself at 5\% p.a is 40 years.
At what interest rate does a sum of money double itself in 10 years in simple interest?
10\%
As we know the simple interest means principle amount subtracted from final amount i.e. Hence the required rate in which the sum becomes double itself in 10 years is 10\%.
At what rate percent will a given sum of money will treble itself in 25 years?
rate of interest is 8\%.
What rate of interest compounded annually is required to triple an investment in 18 years?
At a rate of interest of 3.86\% compounded annually investment will be tripled.
At what interest rate compounded quarterly will money double itself in 10 years?
10\% per annum
Hence, it will take 10 years for the sum of money to double itself with the rate of 10\% per annum simple interest.
At what rate of simple interest will a sum of money be tripled in 16 years?
So, in further calculations for finding the rate of interest, they will end up with, rate=3×10016⇒18.75\%.
How long will it take a certain sum of money to triple itself?
A sum of money triples itself in 8 years.
At what rate of interest a sum of money doubles itself?
According to Simple Interest (S.I) formula. . Where P is principal amount, R is rate of interest and T will be time period. Hence, the rate of interest to double a money in 8 years will be 12.5\% per annum.
At what rate percent on simple interest will a sum of money double itself in 25 years?
So rate of interest should be 3 (1/3) to get some of money double itself.
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