7. Number of years in which a sum of money treble itselfwhen rate of interest being 5% is : About the author Quinn

Let’s take an example, assuming your principal is 1000 at 5% for 40 years Principal=Rs 100 If it is triple, then amount=Rs 300 And interest= 300–100= Rs 200 Therefore time= Interest/Rate=200/5= 40 year Reply

Let’s take an example, assuming your principal is 1000 at 5% for 40 years

Principal=Rs 100

If it is triple, then amount=Rs 300

And interest= 300–100= Rs 200

Therefore time= Interest/Rate=200/5= 40 year