at what rate percent per annum simple interest will a sum be three times itself in 3 year
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3-3-3-3-3-3 (+7/5) then it will be megative and then simply
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Given - Time
Find - Rate of interest
Solution - Simple interest = Principal*rate of interest*time/100
Amount = Principal + interest
Let the principal be x. So, amount will be 3x.
Interest = Amount - Principal
Interest = 3x - x
Interest = 2x
Keep the values in formula to find the rate of interest
Rate = (2x*100)/(x*3)
Rate = 200x/3x
Rate = 66.6%
So, the rate of interest is 66.6%.
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