A sum of money triples itself in 8 years simple interest. Find the rate of percent per annum?
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Answered by
4
time duration = 8 yrs
principle amount = x
interest= 3x-x=2x
rate%= (200x)/(8x)
rate% = 200/8
rate% = 25%
principle amount = x
interest= 3x-x=2x
rate%= (200x)/(8x)
rate% = 200/8
rate% = 25%
Answered by
0
Answer:
25%
Step-by-step explanation:
Time = 8 years
Principal = x
Simple interest = Amount- Principal
3x - x = 2x
rate % = SI × 100 / P×T
2X×100/X×8
200/8=25%
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