Mathematics · Simple Interest

A principal amount triples itself in 20 years under simple interest. Find the annual interest rate in decimal form.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

10.20
20.15
30.10✓
40.05

Correct answer

0.10

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A principal amount triples itself in 20 years under simple interest. Find the annual interest rate in decimal form.

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A principal amount triples itself in 20 years under simple interest. Find the annual interest rate in decimal form.

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