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Q: A simple interest earned on certain amount is triple the money when invested for 16 years.what is the interest rate offered ?

  • 1
    13.33 %
  • 2
    14.25 %
  • 3
    16.98 %
  • 4
    18.75 %
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Answer : 4. "18.75 %"
Explanation :

Answer: D) 18.75 % Explanation: Given,S.I = 3 Principal Amount=> 3A = A x 16 x R/100By solving, we get => R = 18.75%

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