Question

A certain sum of money amounts to 7/4 of itself in 3 years. The rate percent p.a. is _______

Answer 1

Answer:

33 1/3%

Let the sum of money be x

So in 3yrs it is 7/4x

in 1yr it is 7/12x

rate percent per annum is-

(7/4x)/(7/12x). 100

=33 1/3%