Find the rate at Simple interest, at which a sum becomes four times of itself in 15 years.
Let sum be P and rate be r% then, P × r × 15 100 = 3P [important to note here is that simple interest will be 3P not 4P, beause 3P + P = 4P] ⇒ r = 20%
Let sum be P and rate be r%
then, P × r × 15 100 = 3P [important to note here is that simple interest will be 3P not 4P, beause 3P + P = 4P]
⇒ r = 20%
1297 MCQ for effective preparation of the test of Interest of Word Problems section.
Read the MCQ statement: Find the rate at Simple interest, at which a sum becomes four times of itself in 15 years. , keenly and apply the method you have learn through the video lessons for Interest to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 209-12976.