Q.A sum of money triple itself in 20 years then, find the rate of simple interest. (a) 10% (b) 15% (c) 20% (d) 25%
Answer: A
Principal (P)= \(₹ x\)
Interest (I)=\(₹ 2x\)
Time (t)=\(20\) years

\(\therefore\) Rate of Interest =\(\cfrac{100\times 2x}{x\times 20}\%\)

=\(10\%\)

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