App Logo

No.1 PSC Learning App

1M+ Downloads
A sum of money, put at simple interest treble itself in 15 years. the rate percentage per annum is:

A13 1/3%

B16 2/3%

C12 2/3%

D20%

Answer:

A. 13 1/3%

Read Explanation:

Rate =(100 x 1) / (P x N) (100 x 2P) /(P x 15) = 40/3 = 13 1/3%


Related Questions:

A sum at the same simple interest becomes amount to Rs. 457 in 5 years and Rs. 574 in 10 years. Find the value of the sum (in Rupees).
What is the simple interest of Rs. 8000 at 8% per annum for 3 years?
Arun wants to pay Rs.16000 cash for a colour television and Bala wants to purchase the same for Rs.17776, due after 2 years. If the rate of Simple Interest is 5% per annum, which of the deals is better for the shopkeeper?
A certain sum amounts to Rs. 22,494 in 7 years at x% per annum on simple interest. If the rate of simple interest per annum had been (x + 4)%, the amount payable after 7 years would have been Rs. 25,917. Find the sum invested.
If a sum of money at simple interest doubles in 12years, the rate of interest per annum is?