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      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%

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