A sum of money lent at simple interest becomes double of itself in years. Then the sum will triple itself in:
- Ayears
- Byears
- Cyears
- Dyears
Solution & Step-by-step Explanation
Let the initial principal amount be .
If the sum doubles itself, the amount becomes .
This interest is accumulated in years.
For the sum to triple itself, the target amount becomes .
Since Simple Interest () is directly proportional to time () when principal and rate are constant:
If the sum doubles itself, the amount becomes .
This interest is accumulated in years.
For the sum to triple itself, the target amount becomes .
Since Simple Interest () is directly proportional to time () when principal and rate are constant: