Mathematics for FinancePYQ May 20Question 1306 of 479
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A sum of money triples itself in 18\displaystyle 18 years under simple interest, what is the rate of interest p.a.?

Options

A9%\displaystyle 9\%
B9.09%\displaystyle 9.09\%
C11.11%\displaystyle 11.11\%
D13%\displaystyle 13\%
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Correct Answer

Option c11.11%\displaystyle 11.11\%

All Options:

  • A9%\displaystyle 9\%
  • B9.09%\displaystyle 9.09\%
  • C11.11%\displaystyle 11.11\%
  • D13%\displaystyle 13\%

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