In how many years, a sum of money will be three and half times of itself at 162/3% per annum simple interest?
Answers
Answered by
51
Given:-
how many years, a sum of money will be three and half times of itself at 162/3% per annum simple interest?
To Find:-
Simple Interest
Solution:-
Let the principal( p ) = Rs x
Amount ( A ) = 31/2 * p = 3.5x
Simple interest (1) = A-P
=> 3.5x - x
=> 2.5x
Rate of interest (r) = 162/3 = 50/3%
Let the time = t years
We know that,
(ptr )/100 = 1
=> t = ( 100 * 1)/(pr)
=> ( 100 ~ 2.5x)/(x * 50/3)
=> ( 250 ~ 3 )/50 => 5 x 3
=> 15 years
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Answered by
6
❥ANSWER᭄
⇒ Let Principal amount be Rs.100.
⇒ Simple Interest be Rs.100.
⇒ Rate = 16
3
2
=
3
50
⇒ SimpleInterest=
100
P×R×T
⇒ 100=100×
3
50
×
100
T
⇒ T=
50
300
⇒ T=6
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