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At what simple interest rate percent per annum will a sum of money triple in 11 years?

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At what simple interest rate percent per annum will a sum of money triple in 11 years?
posted Aug 7, 2018 by Puneet Batra

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1 Answer

+1 vote

Let principle amount X rs
Then interest will be 2X
According to formula
Simple interest = principle*time *rate /100
Rate = 200/7 or 28.57%

answer Aug 7, 2018 by Aks
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