Question

At what rate per cent per annum simple interest will a sum of Rs. 100 becomes Rs. 300 in 16 years?ans= 12.5 explain jit​

Answer 1

Answer:

100+16x=300

16x=300-100=200

x=200/16=12.5

Answer 2

let rate present =x

We know,

S.I.=100PRT

A=S.I+P

300=100+100100×x×16

200=x×16

x=12.5%