please answer the question
find the rate of C.I. at which a sum of money tripple itself in 8 years?
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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%
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