1. In what time will a sum of money lent at 8 % simple interest become 4 times of well
A certain sum of money lent out at 6% pa produces the same simple internet
3
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2
Answer:
We have,
Principal value P=3200
Rate =R=8
5
2
%
Time =T=7year
Then using
S.I.=
100
P×R×T
=
100
3200×
5
42
×7
=
5×100
3200×42×7
=
5
32×42×7
S.I.=Rs1881.6
In the second case
S.I.=
100
P×R×T
1881.6=
100
P×
3
20
×7
1881.6×100=P×
3
20
×7
P=
20×7
1881.6×100×3
P=
7
1881.6×5×3
P=Rs4704
Step-by-step explanation:
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