Simple Interest

Quantitative Aptitude ( CCS)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

At what percent per annum will a sum of money triple in 14 years?

13%

15%

14 2/7%

13 1/2%

Let priciple=P

Money will become triple means Amount=3P

SI=3P-P=2P

2P=(P*14*r)/100
200=14*r==> r=200/14 =14 2/7%.

Hence, option 3 is the correct answer.