A sum invested on simple interest becomes triple itself in 16 years. then the rate of interest is
missionshrestha195:
take simple interest as 3x and then solve it
After 3 years its becomes triple itself then
Amount = 3x
Interest =3x−x=2x
Time = 16 years
Rate = R
Interest=100PTR
⇒2x=100x×16×R
⇒R=162×100=12.5%
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Answer:
Let sum is x
After 3 years its becomes triple itself then
Amount = 3x
Interest =3x−x=2x
Time = 16 years
Rate = R
Interest=
100
PTR
⇒2x=
100
x×16×R
⇒R=
16
2×100
=12.5%
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A sum invested on simple interest becomes triple itself in 16 years. Then rate of interest is
Answer
Let sum is x
After 3 years its becomes triple itself then
Amount = 3x
Interest =3x−x=2x
Time = 16 years
Rate = R
Interest=
100
PTR
⇒2x=
100
x×16×R
⇒R=
16
2×100
=12.5%
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