Question

27. A what rate per cent, the simple interest
on a sum of money treble it self in 25 yr?
NV 1996​

Answer 1

Let principal sum be rs 100

P =100

R=?

T=25 yrs

Amount = 3×100=300 rs

S.I.=A-P=300-100=200 RS

By formulae,

R=100×S.I./P×T=100×200/100×25

= 8%p.a.

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