Question

A sum of money becomes 7/6 of itself in 3 years at the certain rate of simple interest.what is the rate percent per annum
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Answer 1

Step-by-step explanation:

becomes 7/6 of itself in 3 years at the certain rate of simple interest.what is the rate percent per annum

Answer 2

Answer:

5 5/9%

Step-by-step explanation:

LET SUM:= x. then, amount= 7x/6

S.I.= 7x/6; TIME= 3 years

RATE= (100 * x) / (x * 6 * 3)= 5 5/9

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