Question

a certain sum of money becomes 5/3 of itself at 50/3% p.a.rate of interest .Find yhe time taken.​

Answer 1

Answer:

we let principle 3x

then amount will be 5x

interest will be 2x

rate of interest = 50/3% ( means 50 /300 , 1/6)

so, rate of interest will be 1/6

I = P×R×T/100

2x = 3x×1/6×T

T = 4