Question Details

Detailed explanation and options for the selected question.

A sum triples in 20 years at simple interest. What is the rate of interest per annum?

A. 10%
B. 15%
C. 20%
D. 25%

Explanation:

If the sum triples, SI = 2P over 20 years. Rate = SI/(P×T)×100 = (2P)/(P×20)×100 = 10%. Other options are incorrect.

Related Topics

How to Calculate the Area of a Rectangle

Revision Notes

Percent To Fraction And Decimal Numbers

Revision Notes

How to Solve Quadratic Equations (Using the Quadratic Formula)

Revision Notes

How to Find the Slope of a Line

Revision Notes

How to Simplify Algebraic Expressions

Revision Notes

How to Solve Proportions (Cross-Multiplication)

Revision Notes

How to Divide Fractions

Revision Notes

How to Calculate Modular Inverses

Revision Notes

Percentage to Fraction Table

Revision Notes

How to Solve Percent Proportions

Revision Notes