Question

Select the correct alternative from the given choices.
A sum of money becomes three times itself in 10 years at simple interest. Find the rate of interest per annum.
a. 12%

b. 20%

c. 25%

d. 30%


Who will give the correct answer I will mark them as brainlist​

Answer 1

Answer:

sum = Rs x

Time = 10 years

Amount = 3x

S.I = 3x - x

= 2x × 100/x × 10

= 20%