Question

. A sum of money triples itself in 5 years. What is the rate of simple interest ?​

Answer 1

Answer:

40%

Step-by-step explanation:

let money be x then amount will be

3x-x=2x

Formula of SI= p×r×t/100

2x =5×x×R/100. (taking R as rate )

R= 2x×100/5x

R=40%

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