A sum of money, lent out at simple interest, doubles itself in 8 years – InterviewSolution

1.	A sum of money, lent out at simple interest, doubles itself in 8 years. Find: (i) the rate of interest (ii) in how many years will the sum become triple (three times) of itself at the same rate per cent?
Answer» A sum of money, lent out at simple interest, doubles itself in 8 years. Find: (i) the rate of interest (ii) in how many years will the sum become triple (three times) of itself at the same rate per cent?

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