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In what time does a sum of money becomes triple times at the simple interest rate of 10\% per annum?
Now the amount is tripled. So 10+10=20 years.
How long does it take for a given amount of money to triple at 10\% per annum compounded annually?
It will approximately take 18 years 10 months.
In what time a sum of money will triple itself?
A sum of money triples itself in 8 years.
At what rate a sum triples itself in 8 years 4 months?
The rate of interest is 25\% where the principal amount triples itself.
How many years will a certain sum becomes three times itself at 25\% per annum under simple interest?
=>t=8 years. So in 8 years a certain sum becomes 3 times itself in 25\% per annum.
At what annual rate of interest compounded yearly Will money double in 8 years?
12.5\% per annum
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.
How many years does a sum of money become 3 times itself?
A sum of money becomes 3 times itself in 20 years at a certain rate of simple interest. In how many years does it double itself at the same rate of simple interest? What is home equity sharing, and when is it a better option than a loan?
How many years does it take to earn 100 rupees 12\% interest?
100 / 12 = 8 and 1/3 = 8 years and 4 months. There is another approach for the same problem. Since we are given the interest rate as 12\% Simple Interest – it means the rate of interest is 1 percent per month…1 rupee per month on 100 rupees…so, it would take 100 months to get 100 rupees interest and thus double the original amount…
How can I double my principal amount in 8 years?
There are simple methods to count to number of years it will take to double your money using simple interest and compound interest. For simple interest, the formula is : r=100/n , where r is the rate of interest and n is the number of years. I want to double my principal amount in 8 years so at what simple interest rate should I invest my money?
How many years does it take for money to Triple itself?
A sum of money doubles itself in 10 years. How many years will it take to triple itself? Originally Answered: A certain sum of money lent out at a certain rate of interest per annum, doubles itself in 10 years. In how many years will it triple itself? Assuming it is simple interest let the initial sum be x.