Question

The interest on a certain sum of money is 0.24 times of itself in 3 years. Find the rate of the interest.​

Answer 1

Let the principal be RS.100

interest- 0.24×100

=RS.24

SI=P×R×T/100

24=100×r×3/100

24=3r

24/3=r

8=r

$\huge\bold\red{Rajput}$