In how many years will a sum of money give an interest of 1/4 times of itself at the rate of 3% per annum ?
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Answers
Answered by
15
Answer:
8 1/3 years.
Step-by-step explanation:
Let the Principle be Rs x.
SI = x/4
rate = 3%
Time = (SI x 100)/(P x r)
= 25 x /3 x = 25/3 = 8 1/3 years.
Answered by
4
Answer:
8 1/3 years.
Step-by-step explanation:
Let the Principle be Rs x.
SI = x/4
rate = 3%
Time = (SI x 100)/(P x r)
= 25 x /3 x = 25/3 = 8 1/3 years.
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