“At simple interest a sum triples in 20 years. How many years will it take to double at the same rate?”
"At simple interest a sum triples in 20 years. How many years will it take to double at the same rate?"
Answer: "10 years"
"If a sum triples in 20 years at simple interest it doubles in half that time 10 years as the interest rate is constant. This demonstrates simple interest principles. Understanding the time of 10 years highlights the application of interest formulas in financial mathematics a critical topic in economics and math studies."
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