Get Started
690

Q: A simple interest earned on certain amount is triple the money when invested for 16 years.what is the interest rate offered ?

  • 1
    13.33 %
  • 2
    14.25 %
  • 3
    16.98 %
  • 4
    18.75 %
  • Show Answer
  • Workspace

Answer : 4. "18.75 %"
Explanation :

Answer: D) 18.75 % Explanation: Given,S.I = 3 Principal Amount=> 3A = A x 16 x R/100By solving, we get => R = 18.75%

Previous Next
Quantitative Aptitude IIT JEE GRE Bank Exams GATE CAT

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today