Question

please answer the question

find the rate of C.I. at which a sum of money tripple itself in 8 years?​

Answer 1

Answer:

ANSWER: 25 %

Step-by-step explanation:

 Let the sum of money be x

Time is 8 years

After 8 years it triples . So it becomes 3x.

So the simple interest is 3x−x=2x

Let, the rate of interest be y.

So ,100x×y×8=2x

Or,y=8200=25%