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In how many years, a sum will triple itself at the rate of 10% simple interest per annum?
Question



In how many years, a sum will triple itself at the rate of 10% simple interest per annum?

A.

20 years

B.

15 years

C.

10 years

D.

25 years

Correct option is A

Solution:Let the Principal be P.If the amount triples, then Final Amount (A) = 3PSimple Interest (SI) = A - P = 3PP=2PWe know the formula for Simple Interest:SI=P×R×T100Substitute the values:2P=P×10×T100Cancel P from both sides:2=10×T100T=2×10010=20 yearsThe correct answer is: (a) 20 years\textbf{Solution:} \\[5pt]\text{Let the Principal be } P. \\\text{If the amount triples, then Final Amount (A) = } 3P \\[5pt]\text{Simple Interest (SI) = A - P = } 3P - P = 2P \\[10pt]\text{We know the formula for Simple Interest:} \\SI = \frac{P \times R \times T}{100} \\[10pt]\text{Substitute the values:} \\2P = \frac{P \times 10 \times T}{100} \\[10pt]\text{Cancel } P \text{ from both sides:} \\2 = \frac{10 \times T}{100} \\[5pt]T = \frac{2 \times 100}{10} = 20 \text{ years} \\[10pt]\boxed{\text{The correct answer is: (a) 20 years}}​​

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