In how many years will a sum of money becomes three times at the rate of interest 10% per annum?

Open in App

Solution

Since the amount becomes 3 times the principal, the simple interest is .

Suggest Corrections

Similar questions

Q. A sum of money is lent out at compound interest at a certain rate per annum becomes three times of itself in

8

years.Find in how many years will the money become

27

times of itself at the same rate of interest per annum.

A sum of money lent out at C.I. at a certain rate per annum becomes three times of itself in 8 years. Find in how many years will the money become twenty-seven times of itself at the same rate of interest p.a.

Q. How many times will the sum gets multiplied in 10 years at 20% per annum rate of interest?

A sum of money, lent out at simple interest, doubles itself in 8 years. Find:
(i) the rate of interest
(ii) in how many years will the sum become triple (three times) of itself at the same rate per cent?

Q. A sum of money, lent out at simple interest, doubles itself in

8

years. Find in how many years will the sum become triple (three times) of itself at the same rate per cent ?

Join BYJU'S Learning Program