Question

At what rate per cent per annum simple
interest will a sum of Rs. 100 becomes Rs. 300
in 16 years?​

Answer 1

Answer:

5.34 OR 5.33

Step-by-step explanation:

you have 100 Rs it will be 300 in 16 years so if we see then

100 × 16 years =300

100 = 300 ÷ 16

100 = 5.34 ℅

Answer 2

Answer:12.50%

Step-by-step explanation:

(n-1)×100=rt

Since the sum become triple, n = 3.

(3-1)×100=16r

r = 200/16= 12.50% (Ans)