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Select the correct answerA sum of money (P) doubles in 10 years. In how many years it will be triples at the same rate of simple interest?Options30152010

Question

Select the correct answerA sum of money (P) doubles in 10 years. In how many years it will be triples at the same rate of simple interest?Options30152010

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Solution

The answer is 20 years.

Here's the step-by-step solution:

  1. We know that the sum of money doubles in 10 years

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