An amount of money invested trebled in 6 years.find the rate of intestinal earned
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Let, the sum be (S) = Rs x.
The interest in 6 years must be (I) = Rs 2x, as that's how the money is trippled {x + 2x = 3x}.
Time (t) = 6 years
Then the rate (r)
= (I × 100)/(S × t)
= (2x × 100)/(x × 6) %
= 100/3 %
I HOPE THAT THIS HELPS YOU.
Let, the sum be (S) = Rs x.
The interest in 6 years must be (I) = Rs 2x, as that's how the money is trippled {x + 2x = 3x}.
Time (t) = 6 years
Then the rate (r)
= (I × 100)/(S × t)
= (2x × 100)/(x × 6) %
= 100/3 %
I HOPE THAT THIS HELPS YOU.
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