Join ExamsbookAnswer : 4. "18.75 %"
A simple interest earned on certain amount is triple the money when invested for 16 years.what is the interest rate offered ?5
Q: A simple interest earned on certain amount is triple the money when invested for 16 years.what is the interest rate offered ?
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- 214.25 %false
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- 418.75 %true
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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%