Question

A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest the rate of interest per annum is

Answer 1

Answer:

5.5%

Step-by-step explanation:

sum = x. amount =7x/6.

S.I. =(7x/6 – x) = x/6 ; time = 3 years

Rate =[ (100 * x) / (x * 6 * 3)]% = 5.5%

Answer 2

let the sum be . x
so,amount will be =7x/6
and S.I will be = 7x/6-x =x/6
time = 3yrs
rate of interest = (100×x)/(x×6×3). =5.5/9%

_________________________________________hope this helps u