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

Answer Expert Verified At 5\% simple interest, a sum of money doubles itself in 20 years.

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

rate of interest is 8\%.

At what rate per cent per annum simple interest will a sum treble itself in 16 years?

Hence, we get the rate of interest as 12.5 \%. Note: There is a possibility that the students think that the simple interest becomes triple of the principal amount, that is simple interest is 3 x. So, in further calculations for finding the rate of interest, they will end up with, rate=3×10016⇒18.75\%.

At what rate of simple interest will a sum of money doubles itself in 8 years?

12.5\% per annum
Hence, the rate of interest to double a money in 8 years will be 12.5\% per annum.

At what rate percent will a sum of money treble itself in 5 years?

Let the number of years be denoted as n. Given the principle amount triples itself in 5 years. r = 0.4 = 40\%.

At what rate percent per annum will a sum of money double in 8 years?

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 of interest does the amount becomes three times of the principal in 10 years?

∴ The rate of interest per annum is 20\%.

At what rate percent per annum simple interest will a sum be double itself in 8 years?

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

So rate of percentage per annum must be 12.5\% to triple the sum.

How long does it take to Double A sum of money?

A sum of money becomes double in 20 years at the rate of a simple interest. In how many years will it become 4 times itself at the same interest? Takes 20 years to double the first time. Assume rate of return stays the same.

What is the rate where the interest equals the principle in 20 years?

For simple interest, the interest earned is determined by the formula: I = Prt where I = interest, P = principle, r = rate, and t = time. You asked what is the rate where the interest equals the principle in 20 years, i.e., the amount doubles. R = I/ (Pt) =I/P x 1/20yrs = 1 × .05 per year or 5\% per year interest.

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. It doubles itself in 10 years.

What is the rate of interest on Rs 1500 for 3 years?

The interest on Rs. 1500 for a period of 3 years is Rs. 360. What is the rate of interest per annum? The rate of interest. A sum of money at compound interest amounts to Rs. 1 0 5 8 0 in 2 years and to Rs. 1 2 1 6 7 in 3 years.