If Sum triples in 15 years at Simple rate of interest, rate of interest per annum will be:

CA Foundation · Quantitative Aptitude · MTP · April 2025
If Sum triples in 15 years at Simple rate of interest, rate of interest per annum will be:
(A) A. 13.0%
(B) B. 13.3%
(C) C. 13.5%
(D) D. 18.0%

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. 13.5%

Topics: Part-A: Business Mathematics

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