Q.If a certain principal amount triples in 15 years at simple interest, then the annual rate of simple interest will be — (a) \(13\frac{1}{3}\%\) (b) \(12\frac{1}{3}\%\) (c) \(11\frac{1}{3}\%\) (d) \(10\frac{1}{3}\%\)
Answer: A
Assume the principal \((p) = x\) taka Interest amount \((I) = (3x - x) = 2x\) taka Time \((t) = 15\) years \(\therefore\) Rate of interest \((r) = \cfrac{100 \times I}{p \times t} \%\)  \(= \cfrac{100 \times 2x}{x \times 15} \%\)  \(= \cfrac{40}{3} \% = 13\frac{1}{3}\%\)
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