Question

In how many years the simple interest on a certain sum will become half
of the principal at the rate of 8% p.a. ?

Answer 1

Step-by-step explanation:

si = 1/2 p

r=8% = 0.08

n= n

si = pnr

1/2 × p = p×n ×0.08

1/2 = n×.08

n =1/2 ÷ 0.08 = 6.25 years

I.e 6 years 3 months