At simple interest, a man made a deposit of some money in the bank. The amount in his bank account a

JAMB Mathematics 2023 51 views

At simple interest, a man made a deposit of some money in the bank. The amount in his bank account after 10 years is three times the money deposited. If the interest rate stays the same, after how many years will the amount be five times the money deposited?

  1. 20 years ✓
  2. 15 years
  3. 25 years
  4. 30 years

Explanation

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