A man invested 3450 rupees at 3.5% simple interest for x years. If the amount tripled itself in x years, find the value of x.

🎲 Try a Random Question  |  Total Questions in Quiz: 80  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
Quantitative Aptitude Practice Test: Simple Interest (Time, Rate, And Principal) — practice the complete quiz, review flashcards, or try a random question.

Here are some tips for simple interest:
Formula:
The formula for simple interest is I = Prt, where I is the interest earned, P is the principal, r is the interest rate, and t is the time in years.
Time: Time can be calculated using the formula Time = Simple Interest ×100 / P × R.
Different rates: If the rate of simple interest differs from year to year, then Simple Interest = Principal × (R1+R2+ R3......)/100.
 


A man invested 3450 rupees at 3.5% simple interest for x years. If the amount tripled itself in x years, find the value of x.