A sum of money triples itself in 8 years. Find the rate of interest.

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Solution

Let P be the sum of money.

Then, we have A = 3P.

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A sum of money triples itself in 8 years. Find the rate of interest.

Let P be the sum of money. Then, we have A = 3P.

Let P be the sum of money.

Then, we have A = 3P.