A sum of money becomes 4/3 of itself in 6 years at a certain rate of simple interest. Find the rate of interest.
Let the sum of money be x Rs
Amount = 4 / 3 x
SI = 4/3 x - x
Prt / 100 = x/3 Rs
18xr = 100x
r = 100 / 18
r = 50/9 %
A sum of money becomes 4/3 of itself in 6 years at a certain rate of simple interest. Find the rate of interest.
Let the sum of money be x Rs
Amount = 4 / 3 x
SI = 4/3 x - x
Prt / 100 = x/3 Rs
18xr = 100x
r = 100 / 18
r = 50/9 %