A sum of money triples itself, the rate of simple interest being 5% per annum. What is the time period ?

A sum of money triples itself, the rate of simple interest being 5% pe

1.	A sum of money triples itself, the rate of simple interest being 5% per annum. What is the time period ?
A.	40 Years
B.	30 Years
C.	20 Years
D.	60 Years
Answer» B. 30 Years

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A sum of money triples itself, the rate of simple interest being 5% per annum. What is the time period ?

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