Question

An amount of money is trebled in 6 years. Find the rate of interest earned?​

Answer 1

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Answer 2

Step-by-step explanation:

Amount =principal +interest

let principal =100

so Amount =300(3*100)

so interest in 3 years =200(300-100)

rate of interest =66.6% (interest received/principal/years *100. 200/100/3*100)