2. If simple interest is equal to half of principal at the rate of 5% per annum then Time=____
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Given : simple interest is equal to half of principal at the rate of 5% per annum
To Find : Time
Solution:
Let say principal = P
simple interest is equal to half of principal
=> Simple interest = P/2
Rate of interest R = 5 % per annum
Time = T
SI = P * R * T /100
=> P/2 = P * 5 * T /100
=> 50 = 5T
=> T = 10
Time = 10 Years
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