a sum triples itself at simple intrest in 8 years , when the rate of intrest is
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Answer:
25% is the rate of interest when principal amount triples in 8 years.
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Step-by-step explanation:
Given:-
a sum triples itself at simple intrest in 8 years .
To find:-
Rate of interest?
Solution:-
Let the sum be X
The sum will be triple in 8 years
=>A=3X
time =8 years
then Interest=Amount-Principle
=>I=3X-X=2X
Let the rate of interest = R
Now , we know that
SI=PTR/100
=>2X=(X)(8)R/100
=>2=8R/100
=>8R=200
=>R=200/8
=>R=25
Answer:-
Rate of interest=25%
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