Question

6. Calculate time, when sum of money will amount to 5/3
times itself at the rate 10% p.a.
​

Answer 1

Answer:

time = 6 2/3

Step-by-step explanation:

let sum be x

Given r=10

sum amounts to 5/3 times itself means 5/3*x

Amount=sum+Simple interest

5/3 x=x+x*10*r/100

5/3 x=x(10+t)/10

by solving t =20/3 => 6 2/3