Mathematics for FinanceMTP Nov 21Question 1332 of 479
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If a sum triples itself in 15\displaystyle 15 years at simple rate of interest, the rate of interest per annum will

Options

A13%\displaystyle 13\%
B13.3%\displaystyle 13.3\%
C13.5%\displaystyle 13.5\%
D13.0%\displaystyle 13.0\%
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Correct Answer

Option b13.3%\displaystyle 13.3\%

All Options:

  • A13%\displaystyle 13\%
  • B13.3%\displaystyle 13.3\%
  • C13.5%\displaystyle 13.5\%
  • D13.0%\displaystyle 13.0\%

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