An amount is borrowed at simple interest for 16 years. At the end of this period this amount, along with its interest, has trebled itself. What was the rate percent ?
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principal=x
amount =2x
si=x
x=x×r×16÷100
r=.0.16%
amount =2x
si=x
x=x×r×16÷100
r=.0.16%
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