Question

1. For how many years would simple
interest and compound interest of a sum
of money is same?​

Answer 1

Answer:

⇒ Let Principal amount be Rs.100.

⇒ Simple Interest be Rs.100.

⇒ Rate = 16

3

2

=

3

50

⇒ SimpleInterest=

100

P×R×T

⇒ 100=100×

3

50

×

100

T

⇒ T=

50

300

⇒ T=6