Question

in how many years will the simple interest on a sum of money be equal to the principal at the 50/ 3 per cent per annum?​

Answer 1

Answer:

6 years

Step-by-step explanation:

let principal is P and interest is also P then

p=p×r×t/100

1=50×t/100×3

t=6 year

Answer 2

The simple interest on a sum of money be equal to the principal at the 50/ 3 per cent per annum In 6 years

Step-by-step explanation:

Let the principal be x

We are supposed to find in how many years will the simple interest on a sum of money be equal to the principal at the 50/ 3 per cent per annum

So, Simple interest = x

Rate of interest = 50/3 %

Formula :$SI = \frac{P \times R \times T}{100}$

Were Si = simple interest

P = principal

T = time

R = rate of interest

Substitute the values in the formula :

$x=\frac{x \times 50 \times T}{300}\\\frac{300}{50}=T\\6 = T$

Hence The simple interest on a sum of money be equal to the principal at the 50/ 3 per cent per annum In 6 years

#Learn more:

In what time will the simple interest on a certain sum be three fourth of the principal at 6 per cent per annum

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