The principle P becomes 144/121 times in 2 years in a
compound interest annual.
Therefore P(144/121) =
P(1+r)^2
144/121 = (1+r)^2.
We
take square root.
12/11 =
1+r
12/11 -1 = r
r =
(12-11/)11 = 1/11.
Therefore (100/11)% is the rate of
annual interest.
So for n years the simple interest =
Pnr/100 = Pn (100/11)/100 = Pn/11.
So along wirh principle
and the interest ,the amount P+Pn/11
If it takes n years
to triple the ampount , 3P = P+Pn/11
3 =
1+n/11
n/11 = 3-1=2
n = 2*11 =
22.
Therefore it takes 22 years for the Principle along
with a simple interest of (100/11)% PA to become 3 times
itself(principle)
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