Multiple Choice Questions on A simple interest earned on certain amount is triple the money when invested for 16 years what is th........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A simple interest earned on certain amount is triple the money when invested for 16 years what is th...........

Quant (SSC) Simple Interest
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    A simple interest earned on certain amount is triple the money when invested for 16 years.what is the interest rate offered ?

    13.33 %

    Incorrect Answer

    14.25 %

    Incorrect Answer

    16.98 %

    Incorrect Answer

    18.75 %

    Correct Answer
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    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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