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The rate at which a sum becomes four times of itself in 12 years at simple interest will be:
Question

The rate at which a sum becomes four times of itself in 12 years at simple interest will be:

A.

20%

B.

25%

C.

35%

D.

30%

Correct option is B

Given: 
Amount = 4 times principal
Time = 12 years 
Formula Used: 
Simple interest(S.I) = Amount - Principal (P) 
S.I = P×R×T100\frac{P \times R \times T}{100} 
where P = principal, R = rate of interest, T = time
Solution: 
Let the principle be x.
Sum become 4 times in 12 years,
So, S.I = 4x - x = 3x 
\therefore rate of interest = 25%​​​

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