# In what time does a sum of money become triple at the simple interest rate of 10% per annum?

Best answer

Answer. I Think the answer is 20 years. As the interest is 10% per annum.In one day the amount's 10% will be added.So for becoming the double amount is will take 10 year.

**Slasengger**Date created:

**May 13, 2022**

## What is sum of money in simple interest?

A sum of money at simple interest amounts to 815 in 3 years and to 854 in 4 years. Interest for 1 year = 854-815= Rs 39. Interest for 3 years = 39*3= 117. sum = 815-117 = Rs.

## At what rate of simple interest will a sum of money double itself in 8 years?

12.5% per annumAt what rate percent per annum will a sum of money double in 8 years. Rate = [(100 x P)/ (P x 8)]% = 12.5% per annum.

## At what rate of simple interest will money double itself in 7 years?

Answer. It take about 14 years for four folding in which doubling the sum of money takes place in 7 years.

## How long will it take a certain sum of money to triple itself?

A sum of money at simple interest double itself in 4 years. in how many years will it triple itself... At what rate percent per annum simple interest, will a sum of money triple itself in 25 years?

## What is the sum of money set aside on which interest is paid?

Money Matters Chap 5 The Banking SystemTermDefinitionLiquidThe capability to withdraw money at any time without penaltyPrincipalA sum of money set aside on which interest is paidSimple interestInterest computed on principal once in a certain period of time Interest (I) = Principal (P) X Rate (R) X Time (T)27 more rows

## How long will it take money to triple itself if invested at 8% compounded annually?

The Rule of 115 It's as simple as dividing your interest rate by 115. The quotient is the amount of time it will take you to triple your money. For example, if your money earns an 8 percent interest rate, it will triple in 14 years and 5 months (115 divided by 8 equals 14.4).

## At what interest rate compounded continuously must money be invested to triple in 4 years?

Question: At What Nominal Rate Compounded Continuously Must Money Be Invested To Triple In 4 Years? A Rate Of % Is Required For Money To Triple In 4 Years.

## At what interest rate will a sum of money double itself in 3 years if the interest is compounded annually?

Answer. ☆☆☆Let the rate percent per annum be R. Thus, the required rate is 25.99% per annum.

## At what percent simple interest will a sum of money double itself in 16 years?

541%

## At what rate does the simple interest a sum of money Triple itself in 25 years?

8% Was this answer helpful?

## Related Question Answers

#### Mike Brind

Professor### At what rate of interest a sum of money doubles itself in 10 years in simple interest?

So rate per annum = 10%.

#### tiboo

Professor### At what rate of interest a sum of money doubles itself in 10 years?

In how many years will a sum of money double itself with the rate of 10% per annum simple interest? Here, we have R = 10% and have to calculate t for the sum of the money (that is P) to double. Hence, it will take 10 years for the sum of money to double itself with the rate of 10% per annum simple interest.

#### kostja

Professor### At what rate of interest will a sum of money double in 5 years?

14.4% per yearSimilarly, if you want to double your money in five years, your investments will need to grow at around 14.4% per year (72/5). If your goal is to double your invested sum in 10 years, you should invest in a manner to earn around 7% every year. Rule of 72 provides an approximate idea and assumes one time investment.

#### Milo Chen

Professor### At what rate of interest will a sum of money double itself in 20 years?

Answer Expert Verified At 5% simple interest, a sum of money doubles itself in 20 years..

#### joao

Professor### At what rate of interest will a sum of money double itself in 5years?

Answer. R =? At 5% simple interest, a sum of money doubles itself in 20 years.

#### dariosicily

Professional### At what rate of interest will a sum of money doubles itself in 50 3 years?

Time ; t = 50 3 years so , simple interest , I = p × r × t 100 = p × r × 50 3 × 100 = pr 6 So sum of money after 50 3 years = p + I = p + pr 6 Now according to the question we have ; Sum of money becomes double after 50 3 years , so we have ; 2 p = p + pr 6 ⇒ p = pr 6 ⇒ r = 6 Therefore rate of interest is 6 % .

#### Nick Heiner

Professional### At what rate of interest will money Triple itself in 16 years?

Applying the formula, we get: (3-1)*100= 16r or r= 200÷16 = 12.5%.

#### Michelle Tilley

Professional### At what rate of markup would a sum of money become double in 20 years?

Answer Expert Verified At 5% simple interest, a sum of money doubles itself in 20 years.

#### pwilcox

Professional### At what rate of percent compound interest does a sum of money becomes 4 times itself in 2 years?

Since it is compound interest, the Principal for the second year would be 2P. This again doubles itself in another year because Interest rate is 100%. So at the end of two years it becomes 4 P. Hence at an interest rate of 100% , the sum of money becomes 4 times itself.

#### JLavoie

Professional### At what rate of simple interest a sum of money will be doubled of itself in 15 years?

If the sum doubles (x2) in 15 years, then it to become 2*2*2 = 8 times as large it should double three times, so three 15 years time period are needed, which is 3*15 = 45 years.

#### Mathletics

User### At what rate of simple interest a sum of money will be doubled on itself in 15 years?

If the sum doubles (x2) in 15 years, then it to become 2*2*2 = 8 times as large it should double three times, so three 15 years time period are needed, which is 3*15 = 45 years.

#### Mohamed Thasin ah

User### At what rate of simple interest in 4 years a sum of money will become 4 times the principal?

5% per annumA sum of money become four times at the simple interest rate of 5% per annum in 60 years .

Formula : Hence a sum of money become four times at the simple interest rate of 5% per annum in 60 years ..

#### Billal Begueradj

User### At what rate of simple interest in 4 years a sum of money will become four times the principal?

5% per annumA sum of money become four times at the simple interest rate of 5% per annum in 60 years . Formula : Hence a sum of money become four times at the simple interest rate of 5% per annum in 60 years .

#### Black

User### At what rate of simple interest will a sum of money amount to 7 4 of itself in 6 years?

700/4 in 6 years. Interest = (700/4)-100 = Rs. 300/4; Hence, Rate = Total interest/ given time = 300/4*6 = 12(1/2)%.

#### Mike T

User### At what rate of simple interest will a sum of money double itself in 10 years?

10% per annumAnswer. it means at the rate of 10% per annum sum will double itself in 10 years .

#### Timbus Calin

Guest### At what rate of simple interest will a sum of money doubles itself in 1 year?

Here, we have R = 10% and have to calculate t for the sum of the money (that is P) to double. Hence, it will take 10 years for the sum of money to double itself with the rate of 10% per annum simple interest.

#### cmcculloh

Guest### At what rate of simple interest will a sum of money doubles itself in 20 years?

Answer Expert Verified At 5% simple interest, a sum of money doubles itself in 20 years.

#### Francesca

Guest### At what rate of simple interest will a sum of money doubles itself in 8 years?

12.5% per annumWhere P is principal amount, R is rate of interest and T will be time period. Hence, the rate of interest to double a money in 8 years will be 12.5% per annum.

#### SkyWalker

Guest### At what rate of simple interest will a sum of money treble itself in 25 years?

Answer. rate of interest is 8%.

#### ARK1375

Guest### At what rate of simple interest will a sum of money triple in 10 years?

Answer. Answer: So rate of percentage per annum must be 12.5% to triple the sum.

#### Sampath

Guest### At what rate of simple interest will a sum of money triples itself in 10 years?

Answer. Answer: So rate of percentage per annum must be 12.5% to triple the sum.

#### Blaszard

Guest### At what rate of simple interest will sum of money doubles itself in 20 years?

5%At 5% simple interest, a sum of money doubles itself in 20 years.

#### narwanimonish

Guest### At what rate per annum will sum of money double in 16 years?

= P and T = 16 yrs. Rate = (100 x P)/(P*16)% = 6 ¼ % p.a.

#### Vivek Kumar

Guest### At what rate per cent of simple interest will a sum of money double itself in 12 years?

721%

#### Connor Low

Guest### At what rate per cent per annum will a sum of money double itself in eight years?

12.5% per annumHence, the rate of interest to double a money in 8 years will be 12.5% per annum.

#### ryyker

Guest### At what rate percent a sum of money doubles itself in 15 years?

what is the rate of interest ? => r = 100/15 = 20/3 % = 6.66 %.

#### congusbongus

Guest### At what rate percent compound interest does a sum of money becomes 27 times in 3 years?

Here, A is the total amount. So, rate of interest is 200%.

#### Adil B

Guest### At what rate Percent of simple interest per annum will a sum of money triple in 6 years?

Answer: 33 1/3 % p.a.

#### Andy Brown

Guest### At what rate Percent of simple interest will a sum of money double itself in 12 years?

721%

#### whiletrue

Guest### At what rate Percent of simple interest will a sum of money double itself in 15 years?

In your case, a rate of ~4.8% would double a sum in ~15 years. R=100*I/P*N=100*P/P*15=100/15=20/3=6.666… =6.67%.

#### Mark Baker

Guest### At what rate Percent of simple interest will a sum of money double itself in 2 years?

So rate of interest should be 3 (1/3) to get some of money double itself..

#### VivekDev

Guest### At what rate Percent of simple interest will a sum of money double itself?

=PRT100. Where P is principal amount, R is rate of interest and T will be time period. Hence, the rate of interest to double a money in 8 years will be 12.5% per annum.

#### darthbith

Guest### At what rate Percent of simple interest will a sum of money doubles itself in 20 years?

5%Answer Expert Verified At 5% simple interest, a sum of money doubles itself in 20 years.

#### Dave Syer

Guest### At what rate percent on simple interest will a sum of money double itself in 30 years *?

So rate of interest should be 3 (1/3) to get some of money double itself.

#### Anthony Kong

Guest### At what rate percent per annum simple interest will a sum of money double itself in 10 years?

Answer. it means at the rate of 10% per annum sum will double itself in 10 years .

#### Hitesh Sahu

Guest### At what rate percent per annum simple interest will a sum of money Triple itself in 20 years?

Let, the rate of simple interest per annum be R%. Now, I = A- P = 6050 - 5000 = 1050.

#### Bob Gilmore

Guest### At what rate percent per annum simple interest will be a sum of money double itself in 16 years?

641%

#### Nick Parsons

Guest### At what rate percent per annum will the simple interest on a sum of money be 2 5?

Simplifying the above equation, we have y10=25. Cross multiplying the terms of the above equation, we have 5y=2×10=20. Rearranging the terms of the above equation, we have y=205=4. Hence, the rate of interest per annum is 4, which is option (c).

#### Christoph Rackwitz

Guest### At what rate percent per annum will the simple interest on a sum of money will be 2 by 5 of the sum in 10 years?

Simplifying the above equation, we have y10=25. Cross multiplying the terms of the above equation, we have 5y=2×10=20. Rearranging the terms of the above equation, we have y=205=4. Hence, the rate of interest per annum is 4, which is option (c).

#### Gereon

Guest### At what rate percent will a sum of money double itself in 5years?

Answer. R =? At 5% simple interest, a sum of money doubles itself in 20 years.

#### evanmcdonnal

Guest### At what rate percent will a sum of money doubles itself in 16 years?

The money doubles itself, it means 100% money is added. So the simple interest is 6.25% per year. Hope it helps.

#### Jon Limjap

Guest### At what rate percent will a sum of money doubles itself in 8 years?

12.5%At what rate percent per annum will a sum of money double in 8 years. Rate = [(100 x P)/ (P x 8)]% = 12.5% per annum.

#### Nathan

Guest### At what rate percent will a sum of money treble itself in 16 years at SI?

Answer. Let, the SUM = Rs X and RATE = r%. TIME (t) = 16 years.

#### casper.dcl

Guest### At what rate will a sum of money doubles itself in 10 years?

Here, we have R = 10% and have to calculate t for the sum of the money (that is P) to double.

Hence, it will take 10 years for the sum of money to double itself with the rate of 10% per annum simple interest..

#### Evg

Guest### At what simple interest rate will a sum of money be doubled in 5 years?

Alternatively you can calculate what interest rate you need to double your investment within a certain time period.

For example if you wanted to double an investment in 5 years, divide 72 by 5 to learn that you'll need to earn 14.4% interest annually on your investment for 5 years: 14.4 × 5 = 72..

#### mt1022

Guest### At what simple interest rate will a sum of money become four times of itself in 15 years?

20%The rate at which a sum becomes four times of itself in 15 years at S.I., will be : A. = 20%.

#### Brian Rogers

Guest### At what time does a sum of money Triple itself at the rate of 20?

Answer Expert Verified = 10 years . A sum becomes 3 times. Rate = 20% p.a.

#### BenAlabaster

Guest### How long does a sum of money takes to double itself at a simple interest rate of 7.5% per annum?

The rule states that an investment or a cost will double when: [Investment Rate per year as a percent] x [Number of Years] = 72. The Rule of 72 indicates than an investment earning 9% per year compounded annually will double in 8 years.

#### psihodelia

Guest### How long does it take a sum of money to triple itself at a simple interest rate of 5% per annum?

If your money earns a 5 percent interest rate, it will triple in 23 years (115 divided by 5 equals 23).

#### Arseni Mourzenko

Guest### How long will an amount of money double at a simple interest of 2 per annum?

50 yearsTherefore, it will take 50 years to get the double amount at a simple interest rate 2 percent per annum.