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A sum of money trebles (i.e., 3 times) i...

A sum of money trebles (i.e., 3 times) in 15 years at r% of simple interest per annum . What is the value of r ?

A

`12%`

B

`40/3%`

C

`50/3%`

D

can't be determined

Text Solution

Verified by Experts

The correct Answer is:
B
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