Math, asked by Pavan644, 4 months ago

Rajeev deposits some money in ICICI Bank which follows the simple interest scheme. His money triples in eight years. What was the rate of interest?

Answers

Answered by rkcomp31

1

Answer:

R=25 % pa

Step-by-step explanation:

Let P=100x and rate=R

I in 8 yrs

I=100x*R*8/100=8Rx

Money get triplets so I=2*100x=200x

So 8Rx=200x

R=200/8=25

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