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A sum of money becomes three times at per annum simple interest. At what rate will it become six times in the same time?

  1. A
    10.5%
  2. B
    14%
  3. C
    11%
  4. D
    12.5%

Solution & Step-by-step Explanation

Let the Principal amount borrowed be .
Case 1:
The sum becomes times itself .







Case 2:
The sum needs to become times itself in the same time ().







Alternative Shortcut Method:
When the time period is constant, we can use the formula:





Practice this question

Try it yourself before checking the explanation above.

A sum of money becomes three times at per annum simple interest. At what rate will it become six times in the same time?
A
10.5%
B
14%
C
11%
D
12.5%

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