Find the rate of simple interest, if the sum of money triple itself in 14 years
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let the sum of money be 'x'.then
&time=14 years (given)
hence,SI=x×r×14/100
si=7rx/50
by question
3x=7rx/50
150x=7rx
r=150/7
r=21.42%
&time=14 years (given)
hence,SI=x×r×14/100
si=7rx/50
by question
3x=7rx/50
150x=7rx
r=150/7
r=21.42%
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