Question

If a certain sum of money become thrice of itself in 5 years 4 months at simple interest, then what will be the yearly rate of interest (in %)?

A) 18.75 B) 27.5 C) 37.5 D) 42.25

Answer 1

If a certain sum of money become thrice of itself in 5 years 4 months at simple interest, then what will be the yearly rate of interest (in %)?

A) 18.75B) 27.5C) 37.5D) 42.25

Answer:   C) 37.5 

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