Question

A sum of money becomes 4/3 of itself in 6 years at a certain rate of simple interest. Find the rate of interest.

Answer 1

let money =3 unit

then interst=4-3=1unit

now according to que 3*6*R /100=1

18R/100=1

R=100/18% or 5.56%

Answer 2

Hope it will help you....