Question: The time it would take for a given sum of money to triple (3 times) at 4% per year using simple interest equals ... .

The time it would take for a given sum of money to triple (3 times) at 4% per year using simple interest equals ... .

Select one:

a. 50 years.

b. 5 years.

c. 10 years.

d. 25 years.

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