A sum becomes triple in 9 years. Find the annual rate of simple interest.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. .
Let principal = P
Triple amount = 3P
SI = 3P − P = 2P
⇒ SI =
⇒ 2P =
⇒ R = =
SSC Selection Post - Matriculation Level - 30 June 2023 - Shift 3 • Quantitative Aptitude • Q55
A sum becomes triple in 9 years. Find the annual rate of simple interest.
Correct answer: B
Explanation
The correct answer is option 2 i.e. .
Let principal = P
Triple amount = 3P
SI = 3P − P = 2P
⇒ SI =
⇒ 2P =
⇒ R = =