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:

sum of Rs. 100

si Rs. 300

time 16 years

$r = si \times 100 \div p \times t$

$300 \times 100 \div 100 \times 16 \\ 300 \div 16$

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Answer 2

Answer:

rate%=18.75%

Step-by-step explanation:

rate%=(100)×(simple interest)/(principal)×(time)

rate%=100×300/100×16

rate%=300/16

rate%=18.75%