Question

If the simple interest for 6 years
be equal to 30% of the principal, it
will be equal to the principal efter​

Answer 1

Answer:

Description for Correct answer:

Let principal =10P

interest = 10P×3010010P×30100=3P

According to the question,

Case 1Case 1

3P=10P×R×6100=R=53P=10P×R×6100=R=5%

Case2 Case2 

Interest=Principal=10P

10P=10P×5×t10010P=10P×5×t100

t=20 years