How long will it take for an amount of money to treble if it is invested in a fund with an interest rate of 10% per annum, simple interest?
A. 30 years
B. 16 years
C. 20 years
D. It cannot be determined without knowing the initial amount invested.
A. 30 years
B. 16 years
C. 20 years
D. It cannot be determined without knowing the initial amount invested.