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Q.
A simple interest earned on certain amount is triple the money when invested for 16 years.what is the interest rate offered ?
A.
13.33 %
B.
14.25 %
C.
0.1698
D.
0.1875
View Answer
Correct choice: D
Explanation:
Given, S.I = 3 Principal Amount => 3A = A x 16 x R/100 By solving, we get => R = 18.75%
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