Q. 54.8( 42 Votes )

# A sum of money tr

Answer :

Simple interest (SI)

Here,

Let Principal amount (P) = x

Time (T) = 8 years

Amount at end of 8 years = 3x

SI = 3x-x

= 2x

Rate (R) =

= 25%

∴ Rate of interest = 25%.

Rate this question :

How useful is this solution?

We strive to provide quality solutions. Please rate us to serve you better.

Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Expertsview all courses

Dedicated counsellor for each student

24X7 Doubt Resolution

Daily Report Card

Detailed Performance Evaluation

RELATED QUESTIONS :

In what period wiKarnataka Board - Mathematics Part II

The simple intereKarnataka Board - Mathematics Part II

The principal thaKarnataka Board - Mathematics Part II

The time in whichKarnataka Board - Mathematics Part II

In what time willKarnataka Board - Mathematics Part II

A person purchaseKarnataka Board - Mathematics Part II

Find the amount oKarnataka Board - Mathematics Part II

A sum of money trKarnataka Board - Mathematics Part II

Ramya borrowed a Karnataka Board - Mathematics Part II

Find the simple iKarnataka Board - Mathematics Part II