If S.I is added to the sum after 12 years, then in how much time Rs. 4000 will become Rs. 8400 at 5% per annum.
Answers
Answer:
Dont know............
Given :- If S.I is added to the sum after 12 years, then in how much time Rs. 4000 will become Rs. 8400 at 5% per annum. ?
Solution :-
given that, after 12 years SI is added in sum.
So, first we will find SI of 12 years..
→ P = Rs.4000
→ Rate = 5% per annum.
→ Time = 12 years.
→ SI = (P * R * T)/100
→ SI = (4000 * 5 * 12)/100
→ SI = Rs.2400
Now, SI is added in P.
So,
→ New P = 4000 + 2400 = Rs.6400.
→ Amount need = Rs.8400.
than,
→ SI needed = 8400 - 6400 = Rs.2000
→ rate = 5% per annum.
→ Time = Let T years.
therefore,
→ T = (SI * 100) / (P * R)
→ T = (2000 * 100) / (6400 * 5)
→ T = (25/4) = 6 years 3 months.
Hence,
→ Total time Required = 12years + (6 years , 3 months) = 18 years, 3 months (Ans.)
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