Find the rate of interest by which a sum will triple itself in 3 yrs.
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let the sum(principle) be x
then amount after 3yrs will be 3x
so, interest in 3 yrs=3x-x=2x
so, interest per yr will be 2x/3
so, rate of interest=interest/principle
so, rate = 2x/3 /x=2/3=66.66 %
Thanks.
then amount after 3yrs will be 3x
so, interest in 3 yrs=3x-x=2x
so, interest per yr will be 2x/3
so, rate of interest=interest/principle
so, rate = 2x/3 /x=2/3=66.66 %
Thanks.
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