📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    ⚡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug ⚡ Enroll Now

    Question

    A sum triples itself in 8 years at simple interest. Find

    the rate of interest per annum is.
    A 25% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 35% Correct Answer Incorrect Answer
    D 33.33% Correct Answer Incorrect Answer

    Solution

    Short trick – R= [(n-1)/t] ×100  8years    = 3 times = 3-1=2 Then rate of interest = (2/8) ×100 =25%

    Practice Next

    Relevant for Exams:

    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call