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The amount will triple in years on simple interest. Find the rate of interest.

  1. A
  2. B
  3. C
  4. D

Solution & Step-by-step Explanation

Let the principal amount be .
Since the amount triples over years, the final total amount () is .



The formula for Simple Interest is:



Given time years:







Hence, the rate of interest is per annum.

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The amount will triple in years on simple interest. Find the rate of interest.
A
B
C
D

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