AN AMOUNT OF MONEY INVESTED TREBLED IN 6 YEARS .FIND THE RATE OF INTEREST EARNED.
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Answered by
16
Answer:
Rate of Interest = 33.33%
Step-by-step explanation:
Let Principal = x
Amount = 3x
Simple Interest = Amount - Principal
= 3x - x
= 2x
Simple Interest = Principal × Rate × Time
2x = x × Rate × 6
⇒ 6x × Rate = 2x
⇒ Rate = 0.3333
⇒ Rate = 0.3333 × 100
⇒ Rate = 33.33%
Answered by
0
Answer:33 1/3
Step-by-step explanation: As the money is invested we can take it as principal. But, the principal is not given so we will assume it as ₹100.
Amount=100*3 [An amount of money invested 'trebled '----]
Time=6 years[An amount of money invested trebled in '6 years']
Amount=P-Simple interest
Amount-P=simple interest
300-100=200
S.I.=P*R*T/100
200=100*R*6/100
200=R*6
200/6=R
100/3=R
'33 1/3'=R
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