Question

in how many years will a some of money give an intrest of 1/4times itself at the rate of 3%per annum
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Answer 1

Answer:

8 1/3

Step-by-step explanation:

let the principle be x

SI = x/4

Rate= 3%

time= (SI * 100)/(p*r)

       =(x/4*100)/(x*3)

       =25x/3x

       =8 1/3 yrs (Ans)