A what rate percent,the simple interest on a sum of money treble it self in 25 years
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Let principal sum be rs 100
P =100
R=?
T=25 yrs
Amount = 3×100=300 rs
S.I.=A-P=300-100=200 RS
By formulae,
R=100×S.I./P×T=100×200/100×25
= 8%p.a.
P =100
R=?
T=25 yrs
Amount = 3×100=300 rs
S.I.=A-P=300-100=200 RS
By formulae,
R=100×S.I./P×T=100×200/100×25
= 8%p.a.
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