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In how many years will the same sum amount to three times the value of sum?

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A sum amounts to Rs. 4545 at the rate of 10% per annum in 5 years.
In how many years will the same sum amount to three times the value of sum?

posted Mar 16 by Tapesh Kulkarni

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1 Answer

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20 years


x*(100%+10%*5)=4545
x*1.5=4545 ---> x=3030- initial sum
To make it 3 times --> 3030*3=3030* (100%+200%), it has to increase 200%
200%/10%=20 years

answer Mar 16 by Hanifa Mammadov



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