Question

find answers with steps
1. Find the value of x; if 250% of x is the sum of 3750 and 250
2. At what rate per cent will a sum of the money triple itself in 10 years?

Answer 1

Answer:

Let Rsx be the sum, then according to question, the amount will be Rs3x. Then simple interest will be,

S.I.=Amount−Principle

=3x−x

=2x

The time is given as 16 years.

S.I.=

100

P×R×T

2x=

100

x×R×16

R=

x×16

2x×100

R=12.5%

Was this