A sum of money will triple itself in 20 years at simple interest with yearly rate of -

A sum of money will triple itself in 20 years at simple interest with yearly rate of -

A sum of money will triple itself in 20 years at simple interest with yearly rate of - ?

Created: 1 week ago | Updated: 1 week ago | Created By:

Imran Ahmed

5%

7.5%

10%

12%

0 1

Best Answer Explained in Below-:

Let, the sum of money be x and yearly rate be y ∴ 2x = x×20×\(y^{100}\) ⇒ y = 10

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