A sum of money will triple itself in 20 years at simple interest with yearly rate of -

A 5%
B 7.5%
C 10%
D 12%

Correct Answer: 10%

Let, the sum of money be x and yearly rate be y<math xmlns = "http://www.w3.org/1998/Math/MathML"><mo>&#x2234;</mo></math> 2x = <math xmlns = "http://www.w3.org/1998/Math/MathML"><mi>x</mi><mo>&#xD7;</mo><mn>20</mn><mo>&#xD7;</mo><mfrac><mi>y</mi><mn>100</mn></mfrac></math><math xmlns = "http://www.w3.org/1998/Math/MathML"><mo>&#x21D2;</mo></math> y = 10
Bissoy MCQ

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