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An amount becomes double in 8 …

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An amount becomes double in 8 years . In what time it will become tripple at the same rate of interest?
  • 2 answers

Ashwini Vinod 5 years ago

i dont KNOW

Gaurav Seth 5 years ago

Answer:

16 years

Step-by-step explanation:

Let the principle be x.

Then amount will be 2x.

Interest= Amount - Principal = 2x-x=x

Time = 8 yrs  

R=?  

 

 

Now Amount will be 3 times i.e. 3x

So, Interest=Amount - Principal = 3x-x=2x

 

So, It will take 16 years to be three times at the same rate

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