what is the rate of interest if sum of money triple itself in 6 years.
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I depends on the amount of money it is, if your still confused just use a simple interest calculator.
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Answer
Let principal be = x
Amount = 3x
Simple Interest = Amount - principal
= 2x
Time = 6 years
SI = PRT/100
2x = 6Rx/100
R = 200/6
R = 33.34 %
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