An amount becomes double in 8 …

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Posted by S Singh 5 years ago
- 2 answers
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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Ashwini Vinod 5 years ago
0Thank You