Triple the sum

At what annual simple interest rate does a sum triple in 5 years?

Final Answer:

p =  40 %

Step-by-step explanation:

r=31=2 t=5  t r1 a = r a  t r1 = r  r1=r/t=2/5=52=0.4  p=100 r1=100 0.4=40%



Help us improve the example. If you find a mistake, let us know. Thank you!







Tips for related online calculators
Our percentage calculator will help you quickly and easily solve a variety of common percentage-related problems.
Do you want to convert time units like minutes to seconds?

You need to know the following knowledge to solve this word math problem:

arithmeticbasic operations and conceptsUnits of physical quantitiesthemes, topicsGrade of the word problem

Related math problems and questions: